Benzinga's Top Downgrades

Morgan Stanley downgraded Fitbit Inc FIT from Overweight to Equal-Weight. The price target for Fitbit has been lowered from $31 to $11. Fitbit shares fell 29.35 percent to $9.05 in pre-market trading.
Mizuho downgraded NXP Semiconductors NV NXPI from Buy to Neutral. NXP Semiconductors shares rose 0.04 percent to $99.07 in pre-market trading.
Analysts at Credit Suisse downgraded NuStar Energy L.P. NS from Neutral to Underperform. Nustar Energy shares fell 1.82 percent to close at $45.97 on Wednesday.
JP Morgan downgraded Cempra Inc CEMP from Overweight to Neutral. Cempra shares rose 2.81 percent to $7.50 in pre-market trading.
Analysts at Summit Redstone Partners downgraded Tableau Software Inc DATA from Hold to Sell. Tableau Software shares dropped 12.12 percent to close at $43.51 on Wednesday.
RBC Capital downgraded Brocade Communications Systems, Inc. BRCD from Outperform to Sector Perform. Brocade shares rose 0.08 percent to $12.33 in pre-market trading.
Citigroup downgraded Fitbit Inc FIT from Buy to Neutral. The price target for Fitbit has been lowered from $20 to $10. Fitbit shares fell 29.35 percent to $9.05 in pre-market trading.
Oppenheimer downgraded First Solar, Inc. FSLR from Outperform to Perform. First Solar shares declined 5.50 percent to $38.35 in pre-market trading.
Analysts at Leerink Swann downgraded Diplomat Pharmacy Inc DPLO from Outperform to Market Perform. Diplomat Pharmacy shares declind 33.78 percent to $14.82 in pre-market trading.
Analysts at B. Riley downgraded Skechers USA Inc SKX from Buy to Neutral. Skechers shares fell 1.08 percent to $20.20 in pre-market trading.

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Benzinga's Top Downgrades