Benzinga's Top Downgrades

Analysts at Deutsche Bank downgraded Infoblox Inc (NYSE: BLOX) from Hold to Sell. The price target for Infoblox has been lowered to $13. Infoblox shares closed at $15.74 on Monday.Analysts at JP Morgan downgraded Brocade Communications Systems, Inc. (NASDAQ: BRCD) from Overweight to Neutral. The price target for Brocade has been lowered to $9. Brocade shares closed at $10.09 on Monday.Argus downgraded Pep Boys-Manny Moe and Jack (NYSE: PBY) from Buy to Sell. The price target for Pep Boys is set to $15. Pep Boys shares closed at $15.10 on Monday.Analysts at Northland Securities downgraded TeleCommunication Systems, Inc. (NASDAQ: TSYS) from Outperform to Market Perform. TeleCommunication Systems shares closed at $4.94 on Monday.Nomura downgraded Redwood Trust, Inc. (NYSE: RWT) from Buy to Neutral. Redwood Trust shares closed at $13.53 on Monday. Analysts at Oppenheimer downgraded GameStop Corp. (NYSE: GME) from Outperform to Perform. GameStop shares closed at $37.62 on Monday.Stifel Nicolaus downgraded Navios Maritime Holdings Inc. (NYSE: NM) from Buy to Hold. Navios Maritime shares closed at $1.37 on Monday. FBR Capital downgraded Atlas Resource Partners, L.P. (NYSE: ARP) from Outperform to Market Perform. The price target for Atlas Resource Partners has been lowered from $7 to $1.50. Atlas Resource Partners shares closed at $1.51 on Monday. Analysts at Nomura downgraded Hatteras Financial Corp. (NYSE: HTS) from Buy to Neutral. The price target for Hatteras Financial has been lowered to $16. Hatteras Financial shares closed at $14.08 on Monday.Analysts at Deutsche Bank downgraded Advanced Drainage Systems Inc (NYSE: WMS) from Buy to Hold. The price target for Advanced Drainage Systems has been lowered to $32. Advanced Drainage Systems shares closed at $31.71 on Monday.