Benzinga's Top Downgrades

Analysts at Credit Suisse downgraded Phillips 66 (NYSE: PSX) from Outperform to Neutral. The price target for Phillips 66 is set to $105. Phillips 66 shares closed at $89.07 on Friday.FBR Capital downgraded Moody's Corporation (NYSE: MCO) from Outperform to Market Perform.. Moody's shares closed at $96.16 on Friday.Analysts at Morgan Stanley downgraded SolarWinds Inc (NYSE: SWI) from Overweight to Equal-weight. The price target for SolarWinds has been raised from $50 to $60. SolarWinds shares closed at $58.03 on Friday.Maxim Group downgraded Seagate Technology PLC (NASDAQ: STX) from Buy to Hold. The price target for Seagate has been lowered from $59 to $45. Seagate shares closed at $38.06 on Friday.Analysts at Macquarie downgraded Norfolk Southern Corp. (NYSE: NSC) from Neutral to Underperform. Norfolk Southern shares closed at $80.03 on Friday.Argus Research downgraded Intercontinental Exchange Inc (NYSE: ICE) from Buy to Hold. Intercontinental Exchange shares closed at $252.65 on Friday.Analysts at Bank of America downgraded Activision Blizzard, Inc. (NASDAQ: ATVI) from Buy to Neutral. Activision Blizzard shares closed at $34.76 on Friday.Cantor Fitzgerald downgraded Aaron's, Inc. (NYSE: AAN) from Buy to Hold. The price target for Aaron's has been lowered from $47 to $27. Aaron's shares closed at $24.67 on Friday.Analysts at Bernstein downgraded Eaton Corp plc (NYSE: ETN) from Outperform to Market Perform. The price target for Eaton has been lowered from $65 to $59. Eaton shares closed at $55.92 on Friday. Analysts at Goldman Sachs downgraded Valeant Pharmaceuticals Intl Inc (NYSE: VRX) from Buy to Neutral. The price target for Valeant Pharmaceuticals has been lowered from $180 to $122. Valeant Pharmaceuticals shares closed at $93.81 on Friday.