Benzinga's Top Downgrades


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Analysts at Deutsche Bank downgraded Nucor Corporation

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(NYSE: NUE) from Buy to Hold. Nucor shares closed at $46.59 on Tuesday.Goldman Sachs downgraded HollyFrontier Corp (NYSE: HFC) from Neutral to Sell. The target price for HollyFrontier has been lowered from $37 to $34. HollyFrontier shares closed at $38.36 on Tuesday.Analysts at Leerink Swann downgraded Novartis AG (ADR) (NYSE: NVS) from Outperform to Market Perform. The target price for Novartis has been lowered from $98 to $85. Novartis shares closed at $74.42 on Tuesday.Analysts at Raymond James downgraded Nasdaq Inc (NASDAQ: NDAQ) from Strong Buy to Outperform. The target price for Nasdaq has been raised from $67 to $70. Nasdaq shares closed at $65.42 on Tuesday.BMO Capital downgraded Southern Copper Corp

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(NYSE: SCCO) from Outperform to Market Perform. The target price for Southern Copper is set to $30. Southern Copper shares closed at $28.40 on Tuesday. Analysts at SunTrust Robinson Humphrey downgraded IHS Inc. (NYSE: IHS) from Buy to Neutral. The target price for IHS has been lowered from $135 to $130. IHS shares closed at $125.00 on Tuesday.Deutsche Bank downgraded Reliance Steel & Aluminum Co (NYSE: RS) from Buy to Hold. Reliance Steel & Aluminum shares closed at $69.16 on Tuesday.Analysts at TD Securities downgraded TELUS Corporation (USA) (NYSE: TU) from Buy to Hold. TELUS shares closed at $31.82 on Tuesday.Capital One Securities downgraded Apache Corporation (NYSE: APA) from Overweight to Equal-weight. Apache shares closed at $50.25 on Tuesday.Analysts at B&T Capital downgraded Hooker Furniture Corporation (NASDAQ: HOFT) from Buy to Hold. Hooker Furniture shares closed at $35.24 on Tuesday.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


Posted In: DowngradesAnalyst RatingsTop Downgrades