Benzinga's Top Downgrades

Goldman Sachs downgraded Ulta Salon, Cosmetics & Fragrance ULTA from “buy” to “neutral.” The target price for Ulta Salon has been raised from $93 to $98. Ulta Salon's shares closed at $89.74 yesterday. Analysts at Keefe Bruyette & Woods downgraded First Defiance Financial FDEF from “outperform” to “market perform.” First Defiance Financial's shares closed at $23.70 yesterday. Analysts at Piper Jaffray downgraded Rigel Pharmaceuticals RIGL from “overweight” to “neutral.” The price target for Rigel Pharmaceuticals has been lowered from $9 to $6. Rigel Pharmaceuticals shares closed at $4.53 yesterday. Analysts at Citigroup downgraded Colonial Properties Trust CLP from “buy” to “neutral.” The price target for Colonial Properties Trust is set to $25.25. Colonial Properties Trust's shares closed at $23.37 yesterday.