Benzinga's Top Downgrades - Apple (NASDAQ:AAPL), AbbVie (NYSE:ABBV)

Wells Fargo downgraded Apple Inc. AAPL from Outperform to Market Perform. The valuation range estimate for Apple has been lowered from $115-$125 to $105-$120. Apple shares fell 0.45 percent to $107.87 in pre-market trading.
Piper Jaffray downgraded Nike Inc NKE from Overweight to Neutral. Nike shares slipped 1.42 percent to $56.90 in pre-market trading.
Analysts at RBC Capital downgraded Tractor Supply Company TSCO from Outperform to Sector Perform. Tractor Supply shares declined 14.40 percent to $71.50 in pre-market trading.
Jefferies downgraded Lululemon Athletica inc. LULU from Buy to Hold. Lululemon shares dropped 1.14 percent to $67.45 in pre-market trading.
Oppenheimer downgraded Pier 1 Imports Inc PIR from Outperform to Perform. Pier 1 Imports shares dropped 13.75 percent to $4.14 in pre-market trading.
Analysts at Bernstein downgraded Total SA (ADR) TOT from Outperform to Market Perform. Total shares fell 0.22 percent to $49.84 in pre-market trading.
Analysts at Cowen & Co. downgraded Cerner Corporation CERN from Outperform to Market Perform. Cerner shares declined 1 percent to $64.35 in pre-market trading.
Goldman Sachs downgraded Spectra Energy Corp. SE from Buy to Neutral. The price target for Spectra Energy has been raised from $39 to $41. Spectra Energy shares rose 0.02 percent to $41.93 in pre-market trading.
Analysts at Deutsche Bank downgraded Sprouts Farmers Market Inc SFM from Buy to Hold. Sprouts Farmers shares fell 0.05 percent to $19.67 in pre-market trading.
JP Morgan downgraded AbbVie Inc ABBV from Overweight to Neutral. AbbVie shares fell 0.80 percent to $64.45 in pre-market trading.

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