Benzinga's Top Downgrades (HMY, WIT, PBR, AAI)
Harmony Gold Mining Co (NYSE: HMY) was downgraded by Nomura Securities from "buy" to "neutral." HMY's shares closed at $11.41 yesterday. Harmony Gold Mining's earnings are likely to fall by 108.74% this year.
Nomura Securities downgraded Wipro Limited (NYSE: WIT) from "buy" to "neutral." WIT's stock closed at $15.82 yesterday. Wipro's 52-week trading range is $10.13-$15.95.
Credit Suisse downgraded Petroleo Brasileiro SA (NYSE: PBR) from "outperform" to "neutral." PBR's shares closed at $34.58 yesterday. Petroleo Brasileiro's earnings are likely to drop by 17.88% this year.
AirTran Holdings Inc (NYSE: AAI) was downgraded by Deutsche Bank from “buy” to “hold.” AAI's shares closed at $7.34 yesterday. AirTran's quarterly earnings dipped 84.53% y/y.
