Benzinga's Top Downgrades

Bank of America downgraded International Business Machines Corp IBM from “buy” to “neutral.” IBM's shares closed at $209.50 yesterday. International Business Machines' trailing-twelve-month profit margin is 14.83%. Jefferies & Company downgraded Allot Communications Ltd ALLT from “buy” to “hold.” ALLT's shares closed at $23.54 yesterday. Allot Communication's trailing-twelve-month ROE is 7.74%. The Oxen Group downgraded Dean Foods Company DF from “buy” to “hold.” DF's shares closed at $12.16 yesterday. Dean Foods' trailing-twelve-month ROE is -225.49%. Analysts at Goldman Sachs downgraded Tim Hortons Inc THI from “buy” to “neutral.” THI's shares closed at $54.69 yesterday. Tim Hortons' trailing-twelve-month operating margin is 19.69%.