Benzinga's Top Downgrades


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Analysts at Bank of America downgraded Mattress Firm Holding Corp

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(NASDAQ: MFRM) from Neutral to Underperform. The target price for Mattress Firm has been lowered from $42 to $28. Mattress Firm shares tumbled 13.70 percent to $28.98 in pre-market trading.Jefferies downgraded J M Smucker Co (NYSE: SJM) from Buy to Hold. Smucker shares fell 0.86 percent to $142.00 in pre-market trading.Longbow Research downgraded Polaris Industries Inc. (NYSE: PII) from Neutral to Underperform. Polaris Industries shares fell 1.62 percent to close at $84.53 on Thursday.Analysts at Seaport Global downgraded Franklin Electric Co. (NASDAQ: FELE) from Accumulate to Neutral. The target price for Franklin Electric is set to $36. Franklin Electric shares declined 1.51 percent to close at $33.99 on Thursday.Citigroup downgraded

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Dynegy Inc. (NYSE: DYN) from Buy to Neutral. The target price for Dynegy has been raised from $20 to $21. Dynegy shares declined 1.64 percent to $20.40 in pre-market trading.Drexel Hamilton downgraded Corning Incorporated (NYSE: GLW) from Hold to Sell. Corning shares fell 2.40 percent to $20.53 in pre-market trading.Analysts at BMO Capital downgraded AbbVie Inc (NYSE: ABBV) from Outperform to Market Perform. AbbVie shares fell 1.47 percent to $59.86 in pre-market trading.Analysts at JP Morgan downgraded Western Refining, Inc. (NYSE: WNR) from Neutral to Underweight. Western Refining shares fell 3.47 percent to $20.84 in pre-market trading.Barclays downgraded LDR Holding Corp (NASDAQ: LDRH) from Overweight to Equal-weight. The target price for LDR Holding has been raised from $27 to $37. LDR Holding shares slipped 0.03 percent to close at $36.91 on Thursday.

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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