Benzinga's Top Downgrades

Macquarie downgraded American Financial Group Inc AFG from Outperform to Neutral. American Financial shares rose 0.78 percent to close at $82.87 on Thursday.
Gabelli & Co. downgraded CLARCOR Inc. CLC from Hold to Sell. Clarcor shares surged 17.22 percent to close at $82.58 on Thursday.
Analysts at Longbow Research downgraded Sonic Corporation SONC from Buy to Neutral. Sonic shares rose 2.45 percent to close at $26.74 on Thursday.
Canaccord Genuity downgraded Lululemon Athletica inc. LULU from Hold to Sell. The price target for Lululemon has been lowered from $65 to $44. Lululemon shares fell 2.88 percent to $54.90 in pre-market trading.
Barclays downgraded FirstEnergy Corp. FE from Overweight to Equal-Weight. FirstEnergy shares dropped 0.96 percent to close at $30.99 on Thursday.
Analysts at Stifel Nicolaus downgraded VeriFone Systems Inc PAY from Buy to Hold. The price target for VeriFone has been lowered from $18 to $15. VeriFone shares declined 2.34 percent to $15.88 in pre-market trading.
Analysts at Baird downgraded Forward Air Corporation FWRD from Outperform to Neutral. Forward Air shares slipped 0.12 percent to close at $48.32 on Thursday.
JP Morgan downgraded Minerals Technologies Inc MTX from Overweight to Neutral. Minerals Technologies shares fell 1.98 percent to close at $79.40 on Thursday.
Macquarie downgraded Axis Capital Holdings Limited AXS from Outperform to Neutral. Axis Capital shares rose 1.13 percent to close at $61.70 on Thursday.