Benzinga's Top Downgrades

Analysts at Bank of America downgraded Silicon Motion Technology Corp. (ADR) (NASDAQ: SIMO) from Buy to Underperform. The price target for Silicon Motion Technology has been lowered from $37.00 to $19.00. Silicon Motion Technology shares closed at $24.92 yesterday.Analysts at Stifel Nicolaus downgraded SFX Entertainment Inc (NASDAQ: SFXE) from Hold to Sell. The price target for SFX Entertainment is set to $1. SFX Entertainment shares closed at $1.33 yesterday.Analysts at Imperial Capital downgraded LATAM Airlines Group SA (ADR) (NYSE: LFL) from Outperform to In-line. The price target for LATAM Airlines Group has been lowered from $13.00 to $7.00. LATAM Airlines Group shares closed at $5.25 yesterday.Analysts at Keefe Bruyette & Woods downgraded Principal Financial Group Inc (NYSE: PFG) from Outperform to Market Perform. The price target for Principal Financial has been raised from $59.00 to $61.00. Principal Financial shares closed at $57.67 yesterday.Bank of America downgraded SanDisk Corporation (NASDAQ: SNDK) from Buy to Underperform. The price target for SanDisk has been lowered from $75.00 to $40.00. SanDisk shares closed at $58.20 yesterday.Wells Fargo downgraded Walt Disney Co (NYSE: DIS) from Outperform to Market Perform. Walt Disney shares closed at $109.05 yesterday.Jefferies downgraded Vera Bradley, Inc. (NASDAQ: VRA) from Buy to Hold. The price target for Vera Bradley has been lowered from $18.00 to $11.00. Vera Bradley shares closed at $10.95 yesterday.Wells Fargo downgraded Twenty-First Century Fox Inc (NASDAQ: FOXA) from Outperform to Market Perform. Twenty-First Century Fox shares closed at $30.53 yesterday.