Benzinga's Top Downgrades

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.

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Janney Capital downgraded Illumina, Inc. (NASDAQ: ILMN) from Neutral to Sell. Illumina shares declined 26.87 percent to $135.18 in pre-market trading.
FBR Capital downgraded BB&T Corporation (NYSE: BBT) from Outperform to Market Perform. The price target for BB&T has been lowered from $45 to $40. BB&T shares gained 0.77 percent to close at $39.19 on Monday.
Evercore ISI Group downgraded Msci Inc (NYSE: MSCI) from Hold to Sell. MSCI shares fell 2.37 percent to $81.00 in pre-market trading.
Analysts at Goldman Sachs downgraded Lumentum Holdings Inc (NASDAQ: LITE) from Neutral to Sell. Lumentum shares fell 8.09 percent to $40.90 in pre-market trading.
Analysts at FBR Capital downgraded Zions Bancorp (NASDAQ: ZION) from Outperform to Market Perform. Zions Bancorp shares rose 0.25 percent to close at $31.81 on Monday.
Goldman Sachs downgraded KBR, Inc. (NYSE: KBR) from Neutral to Sell. KBR shares fell 2.95 percent to $15.78 in pre-market trading.
Wunderlich downgraded Gas Natural Inc (NYSE: EGAS) from Hold to Sell. Gas Natural shares closed at $12.57 on Monday.
FBR Capital downgraded Regions Financial Corp (NYSE: RF) from Outperform to Market Perform. Regions Financial shares rose 0.39 percent to close at $10.37 on Monday.
Analysts at Goldman Sachs downgraded Summit Materials Inc (NYSE: SUM) from Buy to Neutral. Summit Materials shares rose 1.17 percent to close at $18.99 on Monday.