Benzinga's Top Downgrades

Analysts at Citigroup downgraded Apple AAPL from “buy” to “neutral.” Apple's shares closed at $509.79 on Friday. Apple's trailing-twelve-month ROA is 23.61%. Analysts at RBC Capital downgraded W.R. Berkley WRB from “outperform” to “sector perform.” W.R. Berkley's shares closed at $38.88 on Friday. W.R. Berkley's trailing-twelve-month operating margin is 13.30%. Analysts at Sterne Agee downgraded Texas Instruments TXN from “neutral” to “underperform.” Texas Instruments' shares closed at $30.80 on Friday. Texas Instruments' trailing-twelve-month ROE is 15.99%. BB&T Capital downgraded Con-way CNW from “hold” to “underweight.” Con-way's shares closed at $28.07 on Friday. Con-way's trailing-twelve-month profit margin is 2.09%.