Benzinga's Top Downgrades


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Analysts at Keefe Bruyette & Woods downgraded KeyCorp

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(NYSE: KEY) from Market Perform to Underperform. The price target for KeyCorp is set to $14. KeyCorp's shares closed at $14.65 yesterday.Analysts at Barclays downgraded Allot Communications Ltd (NASDAQ: ALLT) from Equal-weight to Underweight. The price target for Allot Communications has been lowered from $11.00 to $9.00. Allot Communications' shares closed at $8.02 yesterday.Analysts at Credit Suisse downgraded Borderfree Inc (NASDAQ: BRDR) from Outperform to Neutral. The price target for Borderfree has been raised from $13.00 to $14.00. Borderfree shares closed at $6.79 yesterday.Analysts at William Blair downgraded Builders FirstSource, Inc. (NASDAQ: BLDR) from Outperform to Market Perform. Builders FirstSource shares closed at $12.52 yesterday.KeyBanc downgraded Norcraft Companies Inc

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(NYSE: NCFT) from Overweight to Sector Weight and removed the price target of $23.00. Norcraft Companies' shares closed at $25.52 yesterday.FBR Capital downgraded Nationstar Mortgage Holdings Inc (NYSE: NSM) from Market Perform to Underperform. The price target for Nationstar Mortgage Holdings has been lowered from $25.00 to $15.00. Nationstar Mortgage Holdings' shares closed at $19.51 yesterday.Raymond James downgraded Shenandoah Telecommunications Company (NASDAQ: SHEN) from Outperform to Market Perform and removed the price target of $33.00. Shenandoah Telecommunications' shares closed at $33.87 yesterday.Baird downgraded Otter Tail Corporation (NASDAQ: OTTR) from Outperform to Neutral. The price target for Otter Tail has been lowered from $35.00 to $31.00. Otter Tail shares closed at $28.26 yesterday.Stifel Nicolaus downgraded Zulily Inc (NASDAQ: ZU) from Buy to Hold and removed the price target of $24.00. Zulily shares closed at $11.82yesterday.Goldman Sachs downgraded First Niagara Financial Group Inc. (NASDAQ: FNFG) from Neutral to Sell. The price target for First Niagara Financial has been lowered from $8.75 to $8.50. First Niagara Financial shares closed at $8.93 yesterday.

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