Downgrades

In a report published Friday, Jefferies analyst Paul B. Fremont downgraded the rating on The Southern Company (NYSE: SO) from Buy to Hold, and lowered the price target from $53.50 to $46.00. In the report, Jefferies noted, “With the current investor focus over lower ROEs and cost overruns at...

In a report published Friday, Goldman Sachs analyst Brian Lee downgraded the rating on Rubicon Technology (NASDAQ: RBCN) from Neutral to Sell, but reiterated the $6.00 price target. In the report, Goldman Sachs noted, “While Rubicon has lagged peers YTD, shares have rallied in the past month (+...

In a report published on Friday, Bank of America analyst Derik de Bruin downgraded its rating on Myriad Genetics (NASDAQ: MYGN) from Buy to Neutral. Bank of America also lowered its price target on the company from $37 to $35. In the report, Bank of America commented that, "Yesterday, the...

In a report published on Friday, Bank of America analyst Kevin W. McCarthy downgraded Dupont (NYSE: DD) from Buy to Neutral and maintained a $56 price target on the company. In the report, Bank of America commented that, "Our downgrade to Neutral from Buy reflects our view of diminished near-...

Analysts at Sterne Agee downgraded Wells Fargo & Company (NYSE: WFC) from “buy” to “neutral.” The target price for Wells Fargo is set to $42. Wells Fargo's shares closed at $40.94 yesterday. Analysts at Bank of America downgraded Myriad Genetics (NASDAQ: MYGN) from “buy” to “neutral.” The...

In a report published on Thursday, Topeka Capital Markets analyst Chris Kapsch downgraded Polypore International (NYSE: PPO) from Buy to Hold and maintained a price target of $44. In the report, Topeka Capital Markets stated, "While the modest improvement in EDV sales represents an inflection,...

In a report published Thursday, Goldman Sachs analyst Alex Ovshey downgraded the rating on Republic Services (NYSE: RSG) from Conviction List-Buy to Buy, but reiterated the $37.00 price target. In the report, Goldman Sachs noted, “We remove Republic Services (RSG) shares from the Americas...

Analysts at Goldman Sachs downgraded Waste Management (NYSE: WM) from “buy” to “neutral.” The target price for Waste Management is set to $42. Waste Management's shares closed at $40.14 yesterday. Analysts at Roth Capital downgraded Cosi (NASDAQ: COSI) from “buy” to “neutral.” Cosi's shares...

Legg Mason (NYSE: LM) opened at $32.42 Wednesday, 2.7 percent lower than Tuesday's close of $33.34. The lower open may be riding on an earlier downgrade from Goldman Sachs from Neutral to Sell. Goldman analysts cited slipping relative performance in fixed income and a less attractive product...

In a report published Wednesday, Credit Suisse analyst Gregory Lewis downgraded the rating on Ocean Rig (NASDAQ: ORIG) from Outperform to Neutral, and lowered the price target from $20.00 to $19.00. In the report, Credit Suisse noted, “We are downgrading ORIG to Neutral (from Outperform) and...