Benzinga's Top Downgrades

Analysts at Piper Jaffray downgraded Windstream (NASDAQ: WIN) from “neutral” to “underweight.” Windstream's shares closed at $8.31 yesterday. Windstream's trailing-twelve-month profit margin is 4.32%.

Analysts at Deutsche Bank downgraded Rowan Companies plc (NYSE: RDC) from “buy” to “hold.” Rowan Companies' shares closed at $30.97 yesterday. Rowan Companies' trailing-twelve-month ROE is 3.74%.

Analysts at UBS downgraded Ralcorp Holdings (NYSE: RAH) from “buy” to “neutral.” Ralcorp's shares closed at $88.80 yesterday. Ralcorp's PEG ratio is 2.49.

SunTrust downgraded Fred's (NASDAQ: FRED) from “buy” to “neutral.” Fred's shares closed at $13.33 yesterday. Fred's trailing-twelve-month ROA is 4.15%.