Benzinga's Top Downgrades

Analysts at Piper Jaffray downgraded Ceres

from “overweight” to “neutral.” The target price for Ceres has been lowered from $5 to $3. Ceres's shares closed at $3.25 yesterday. Analysts at Deutsche Bank downgraded Target

from “buy” to “hold.” The target price for Target is set to $74. Target's shares closed at $72.57 yesterday. Jefferies downgraded Bristol-Myers Squibb Company

from “buy” to “hold.” The target price for Bristol-Myers Squibb has been raised from $53 to $49. Bristol-Myers Squibb's shares closed at $46.03 yesterday. BMO Capital downgraded Red Robin Gourmet Burgers

from “outperform” to “perform.” The target price for Red Robin Gourmet Burgers has been raised from $58 to $64. Red Robin's shares closed at $59.90 yesterday.