Benzinga's Top Downgrades


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.


RBC Capital Markets downgraded Lam Research Corporation

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(NASDAQ: LRCX) from Sector Perform to Underperform. The price target for Lam Research has been lowered from $76 to $52. Lam Research shares closed at $65.42 on Monday. Analysts at Needham downgraded Teledyne Technologies Incorporated (NYSE: TDY) from Buy to Hold. Teledyne Technologies shares closed at $89.85 on Monday.Mizuho Securities downgraded Illumina, Inc. (NASDAQ: ILMN) from Buy to Neutral. Illumina shares closed at $163.50 on Monday.Analysts at Benchmark downgraded EXACT Sciences Corporation (NASDAQ: EXAS) from undefined to Hold. The price target for Exact Sciences has been lowered from $34 to $11. Exact Sciences shares closed at $18.53 on Monday.Analysts at Suntrust Robinson downgraded Concho Resources Inc

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(NYSE: CXO) from Buy to Neutral. The price target for Concho Resources has been lowered from $139 to $115. Concho Resources shares closed at $107.48 on Monday.BMO Capital downgraded Cummins Inc. (NYSE: CMI) from Outperform to Market Perform. The price target for Cummins has been lowered from $140 to $110. Cummins shares closed at $111.76 on Monday.Analysts at Stifel Nicolaus downgraded Linn Energy LLC (NASDAQ: LINE) from Buy to Hold. Linn Energy shares closed at $2.99 on Monday.Barclays downgraded Telecom Italia SpA (ADR) (NYSE: TI) from Equal-weight to Underweight. Telecom Italia shares closed at $11.92 on Monday.Analysts at Keefe Bruyette & Woods downgraded Heartland Payment Systems, Inc. (NYSE: HPY) from Outperform to Market Perform. The price target for Heartland Payment Systems is set to $70. Heartland Payment Systems shares closed at $64.68 on Monday.Analysts at CIBC downgraded CBL & Associates Properties, Inc. (NYSE: CBL) from Sector Outperform to Sector Perform. CBL & Associates shares closed at $13.91 on Monday.

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.


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