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.


 

  • Macquarie downgraded Parsley Energy Inc (NYSE: PE) from Outperform to Neutral. Parsley Energy shares rose 0.86 percent to close at $36.54 on Tuesday.
  • Avondale Partners downgraded Norfolk Southern Corp. (NYSE: NSC) from Market Outperform to Underperform. Norfolk Southern shares declined 0.54 percent to $94.16 in pre-market trading.
  • Bank of America downgraded Alcoa Inc (NYSE: AA) from Buy to Neutral. Alcoa shares fell 0.47 percent to $27.78 in pre-market trading.
  • Analysts at Cowen & Co. downgraded Hanesbrands Inc. (NYSE: HBI) from Outperform to Market Perform. Hanesbrands shares rose 1.09 percent to close at $25.91 on Tuesday.
  • Analysts at UBS downgraded Emerson Electric Co. (NYSE: EMR) from Neutral to Sell. The price target for Emerson Electric has been lowered from $53 to $44. Emerson Electric shares fell 1.85 percent to $49.85 in pre-market trading.
  • Baird downgraded Theravance Biopharma Inc (NASDAQ: TBPH) from Neutral to Underperform. Theravance Biopharma shares fell 2.95 percent to close at $37.44 on Tuesday.
  • JP Morgan downgraded LPL Financial Holdings Inc (NASDAQ: LPLA) from Overweight to Neutral. LPL Financial shares slipped 0.06 percent to $32.99 in pre-market trading.
  • Pacific Crest downgraded Lam Research Corporation (NASDAQ: LRCX) from Overweight to Sector Weight. Lam Research shares fell 1.60 percent to $98.00 in pre-market trading.
  • Analysts at Janney Capital downgraded Endurance Specialty Holdings Ltd. (NYSE: ENH) from Buy to Neutral. Endurance Specialty shares fell 0.22 percent to close at $91.75 on Tuesday.

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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