Benzinga's Top Downgrades


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Analysts at CLSA downgraded Chipotle Mexican Grill, Inc.

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(NYSE: CMG) from Buy to Underperform. Chipotle shares rose 0.03 percent to close at $444.33 on Tuesday.Analysts at JP Morgan downgraded Clovis Oncology Inc (NASDAQ: CLVS) from Overweight to Neutral. The target price for Clovis Oncology has been lowered from $42 to $15. Clovis Oncology shares closed at $14.24 on Tuesday.Wells Fargo downgraded Marathon Oil Corporation (NYSE: MRO) from Outperform to Market Perform. Marathon Oil shares fell 2.59 percent to $12.78 in pre-market trading.Sterne Agee CRT downgraded Meritage Homes Corp (NYSE: MTH) from Buy to Neutral. The target price for Meritage Homes is set to $40. Meritage Homes shares rose 0.03 percent to close at $38.45 on Tuesday. Deutsche Bank downgraded

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Seagate Technology PLC (NASDAQ: STX) from Buy to Hold. Seagate shares declined 0.83 percent to $34.75 in pre-market trading.Analysts at Pacifc Crest downgraded Sprint Corp (NYSE: S) from Sector Weight to Underweight. Sprint shares dropped 3.15 percent to $3.38 in pre-market trading.Piper Jaffray downgraded Steven Madden, Ltd. (NASDAQ: SHOO) from Overweight to Neutral. Steven Madden shares closed at $35.04 on Tuesday.Analysts at Longbow Research downgraded Western Digital Corp (NASDAQ: WDC) from Buy to Neutral. Western Digital shares rose 0.11 percent to $44.02 in pre-market trading.Analysts at Deutsche Bank downgraded Wynn Resorts, Limited (NASDAQ: WYNN) from Buy to Hold. Wynn Resorts shares declined 0.43 percent to $96.77 in pre-market trading.

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