Benzinga's Top 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 “market perform.” Carnival's shares closed at $35.32 yesterday.Analysts at Sterne Agee downgraded Beazer Homes USA (NYSE: BZH) from “buy” to “neutral.” The target price for Beazer Homes USA is set to $22. Beazer Homes USA shares closed at $22.73 yesterday.William Blair downgraded CarMax (NYSE: KMX) from “outperform” to “market perform.” CarMax's shares closed at $47.84 yesterday.