Benzinga's Top Downgrades - Arch Capital Group (NASDAQ:ACGL), Global X Video Games & Esports ETF (NASDAQ:HERO)

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.

Analysts at Credit Suisse downgraded Spirit Airlines Incorporated

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

(NASDAQ: SAVE) from Outperform to Neutral. The price target for Spirit Airlines has been lowered from $75.00 to $69.00. Spirit Airlines' shares closed at $62.42 yesterday.Analysts at BMO Capital downgraded Arch Capital Group Ltd. (NASDAQ: ACGL) from Outperform to Market Perform. Arch Capital Group's shares closed at $66.29 yesterday.Analysts at Wunderlich downgraded Nimble Storage Inc

Want Private Access to Benzinga Analyst?

Check out the latest strategies our team of experts are using every week so that you can always adapt to the market like the pros!—Get FULL Access to This Week's Webinar Here.

(NYSE: NMBL) from Buy to Hold. The price target for Nimble Storage is set to $33. Nimble Storage shares closed at $31.60 yesterday.Analysts at Suntrust Robinson Humphrey downgraded

Bankrate Inc (NYSE: RATE) from Buy to Hold. The price target for Bankrate has been lowered from $18.00 to $12.00. Bankrate shares closed at $13.85 yesterday.Wells Fargo downgraded Lumenis Ltd (NASDAQ: LMNS) from Outperform to Market Perform. Lumenis' shares closed at $12.08 yesterday.Simmons & Co downgraded Hercules Offshore, Inc. (NASDAQ: HERO) from Neutral to Underweight. Hercules Offshore shares closed at $0.666 yesterday.