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.


Analysts at Wunderlich downgraded Legacy Reserves LP

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(NASDAQ: LGCY) from Buy to Hold. The price target for Legacy Reserves has been lowered to $6. Legacy Reserves shares closed at $4.58 on Tuesday.Analysts at Piper Jaffray downgraded GoPro Inc (NASDAQ: GPRO) from Overweight to Neutral. GoPro shares closed at $27.97 on Tuesday.Deutsche Bank downgraded Whiting Petroleum Corp (NYSE: WLL) from Buy to Hold. The price target for Whiting Petroleum has been lowered from $29 to $23. Whiting Petroleum shares closed at $19.24 on Tuesday.Analysts at Macquarie downgraded Discovery Communications Inc. (NASDAQ: DISCA) from Buy to Neutral. The price target for Discovery Communications has been lowered from $35 to $29. Discovery Communications shares closed at $28.83 on Tuesday.JMP Securities downgraded Oracle Corporation

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(NYSE: ORCL) to Market Underperform. The price target for Oracle is set to $31. Oracle shares closed at $37.81 on Tuesday.Analysts at Wells Fargo downgraded Brown & Brown, Inc. (NYSE: BRO) from Outperform to Market Perform. Brown & Brown shares closed at $31.47 on Tuesday.Piper Jaffray downgraded Under Armour Inc (NYSE: UA) from Overweight to Neutral. Under Armour shares closed at $101.28 on Tuesday.JMP Securities downgraded Twitter Inc (NYSE: TWTR) from Market Outperform to Market Perform. Twitter shares closed at $29.06 on Tuesday.Analysts at Goldman Sachs downgraded Metaldyne Performance Group Inc (NYSE: MPG) from Buy to Neutral. Metaldyne Performance shares closed at $21.87 on Tuesday.Analysts at Baird downgraded Key Energy Services, Inc. (NYSE: KEG) from Outperform to Neutral. The price target for Key Energy Services has been lowered from $2 to $1. Key Energy Services shares closed at $0.700 on Tuesday.

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.


Posted In: DowngradesAnalyst RatingsTop Downgrades