Morning Market Losers

Ocwen Financial Corp. OCN shares declined 18.49% to $13.05. Ocwen Financial slipped yesterday following a legal settlement in which the company will pay $150 million. Sky Solar Holdings, Ltd. SKYS shares dropped 15.06% to $10.48 after the company announced changes to its executive management team. Mr. Weili Su is named to an additional role as the new CEO. Key Energy Services Inc. KEG shares fell 8.38% to $1.86. Global Hunter downgraded Key Energy Services from Neutral to Reduce and lowered the price target from $2.50 to $1.50. Achillion Pharmaceuticals, Inc. ACHN shares slipped 5.75% to $14.60 after surging 9.01% on Monday. Baird downgraded Achillion Pharmaceuticals from Outperform to Neutral and raised the price target from $12.00 to $16.00. Steelcase Inc. SCS slipped 4.63% to $17.09 after the company reported downbeat quarterly revenue. However, the company reported better-than-expected third-quarter earnings. Keurig Green Mountain, Inc. GMCR shares declined 3.42% to $134.60 in pre-market trading. Keurig Green Mountain is recalling roughly 7.2 million of the MINI Plus Brewing Systems following reports of potential burning and overheating issues. Avon Products Inc. AVP shares fell 1.38% to $9.27. Analysts at BMO Capital downgraded Avon Products from Market Perform to Underperform and lowered the price target from $10 to $7.