Downgrades

Analysts at Jefferies downgraded First Republic Bank (NYSE: FRC) from “buy” to “hold.” The target price for First Republic Bank has been lowered from $44 to $40. First Republic Bank's shares closed at $39.93 yesterday. Analysts at Wells Fargo downgraded Carnival (NYSE: CCL) from “outperform” to “...

In a report published on Monday, Goldman Sachs analyst Julio C. Quinteros Jr. downgraded NeuStar (NYSE: NSR) from Buy to Neutral and maintained the a price target of $50. In the report, Goldman Sachs stated that, "We now see limited upside to our price target. We believe the valuation gap and...

In a report published on Monday, Goldman Sachs analyst Julio C. Quinteros Jr. downgraded Equifax (NYSE: EFX) from Buy to Neutral and maintained a $65 price target. In the report, Goldman Sachs stated that, "We now see limited upside to our price target. Our Buy rating on EFX was predicated on...

In a report published on Monday, Wedbush analyst Gregory R. Wade downgraded XenoPort (NASDAQ: XNPT) from Outperform to Neutral and lowered the price target for the company from $16 to $6. In the report, Wedbush stated that, "We are downgrading XNPT shares to NEUTRAL from OUTPERFORM after the...

In a report published Monday, BMO Capital Markets analyst Karl Keirstead downgraded the rating on Red Hat (NYSE: RHT) from Outperform to Market Perform, but reiterated the $54.00 price target. In the report, Keirstead noted, “Last week we attended a Linux Foundation user event in NYC and hosted a...

In a report published on Sunday, Goldman Sachs analyst Ryan M. Nash downgraded Synovus Financial (NYSE: SNV) from Neutral to Sell and maintained a price target of $2.50. In the report, Goldman Sachs noted that, "We see SNV underperforming over the next 12 months as the market appears to be...

In a report published Monday, Deutsche Bank analyst Brett Feldman downgraded the rating on Leap Wireless International (NASDAQ: LEAP) from Hold to Sell, but reiterated the $4.00 price target. In the report, Feldman noted, “Our downgrade reflects 2 factors. First, our concerns about escalating...

In a report published Monday, Stifel Nicolaus analyst Michael Scialla downgraded the rating on Rex Energy Corporation (NASDAQ: REXX) from Buy to Hold, and removed the $15.00 price target. In the report, Scialla noted, “The stock is up 31% this year (compared to our group average increase of 12%)...

In a report published Monday, Stifel Nicolaus analyst Michael Scialla downgraded the rating on Range Resources Corp. (NYSE: RRC) from Buy to Hold, and removed the $80.00 price target. In the report, Scialla noted, “The stock is up 22% this year (nearly double our group average increase of 12%) and...

In a report published Monday, Stifel Nicolaus analyst John Larkin downgraded the rating on Kansas City Southern (NYSE: KSU) from Hold to Sell. In the report, Larkin noted, “While we are as intrigued as anyone about this international railroad that is poised to benefit from the surge in traffic...