Benzinga's Top Downgrades (CAT, DE, FRME, DVOX)

BofA/Merrill downgraded Caterpillar Inc

from "buy" to "neutral." CAT's shares closed at $78.68 yesterday. Caterpillar's earnings are likely to drop by 38.10% this year. JP Morgan downgraded Deere & Company

from "overweight" to "neutral." DE's shares closed at $69.78 yesterday. Deere's earnings are likely to drop by 56.26% in the next year. First Merchants Corp

was downgraded by Macquarie from "outperform" to "neutral." FRME's shares closed at $7.63 yesterday. First Merchant Corporation earnings are likely to dip by 22.57% this year. Analysts at William Blair downgraded DynaVox Inc

from "outperform" to "market perform." DVOX's shares closed at $8.12 yesterday. DynaVox's quarterly earnings plunged 100.55% y/y.