Benzinga's Top Downgrades


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JP Morgan downgraded PulteGroup, Inc.

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(NYSE: PHM) from Overweight to Neutral. The target price for PulteGroup has been lowered from $21.50 to $18. PulteGroup shares closed at $17.20 on Monday.Bank of America downgraded Cisco Systems, Inc. (NASDAQ: CSCO) from Buy to Neutral. Cisco shares closed at $28.14 on Monday.Analysts at Morgan Stanley downgraded People's United Financial, Inc. (NASDAQ: PBCT) from Equal-weight to Underweight. The target price for People's United Financial is set to $14.50. People's United Financial shares closed at $16.05 on Monday.Leerink Swann downgraded Bruker Corporation (NASDAQ: BRKR) from Outperform to Market Perform. Bruker shares closed at $29.44 on Monday.Analysts at Goldman Sachs downgraded LPL Financial Holdings Inc

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(NASDAQ: LPLA) from Neutral to Sell. The target price for LPL Financial has been raised from $19 to $21. LPL Financial shares closed at $24.99 on Monday.Analysts at RBC Capital downgraded Ruckus Wireless Inc (NYSE: RKUS) from Outperform to Sector Perform. Ruckus Wireless shares closed at $13.24 on Monday.Analysts at Credit Suisse downgraded ADT Corp (NYSE: ADT) from Outperform to Neutral. The target price for ADT is set to $42. ADT shares closed at $41.29 on Monday.BMO Capital downgraded Fifth Third Bancorp (NASDAQ: FITB) from Outperform to Market Perform. Fifth Third Bancorp shares closed at $16.75 on Monday. Analysts at BB&T Capital downgraded Hormel Foods Corp (NYSE: HRL) from Hold to Underweight. Hormel Foods shares closed at $43.54 on Monday.Analysts at Oppenheimer downgraded Capital One Financial Corp. (NYSE: COF) from Perform to Underperform. Capital One Financial shares closed at $69.83 on Monday.

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