Benzinga's Top Downgrades


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Analysts at Bank of America downgraded Melco Crown Entertainment Limited

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(NASDAQ: MPEL) from Neutral to Underperform. The price target for Melco Crown Entertainment is set to $21.40. Melco Crown shares closed at $21.70 on Friday.Analysts at Baird downgraded Genesco Inc. (NYSE: GCO) from Outperform to Neutral. The price target for Genesco is set to $76. Genesco's shares closed at $69.25 on Friday. Analysts at Raymond James downgraded S&T Bancorp Inc. (NASDAQ: STBA) from Outperform to Market Perform and removed the price target of $30.00. S&T Bancorp shares closed at $29.77 on Friday. Analysts at Morgan Stanley downgraded Xilinx Inc. (NASDAQ: XLNX) from Overweight to Equal-weight. The price target for Xilinx has been lowered from $48 to $44. Xilinx shares closed at $42.32 on Friday.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


Posted In: DowngradesAnalyst RatingsTop Downgrades