Benzinga's Top Downgrades

Analysts at Piper Jaffray downgraded QUALCOMM (NASDAQ: QCOM) from “overweight” to “neutral.” The target price for QUALCOMM has been lowered from $71 to $67. QUALCOMM's shares closed at $66.75 on Friday.

Cantor Fitzgerald downgraded Salix Pharmaceuticals (NASDAQ: SLXP) from “buy” to “hold.” The target price for Salix Pharmaceuticals has been raised from $72 to $81. Salix's shares closed at $75.54 on Friday.

Jefferies downgraded Kraft Foods (NASDAQ: KRFT) from “buy” to “hold.” The target price for Kraft Foods has been raised from $60 to $61. Kraft Foods' shares closed at $57.50 on Friday.

Analysts at Deutsche Bank downgraded Chubb (NYSE: CB) from “buy” to “hold.” The target price for Chubb has been lowered from $94 to $83. Chubb's shares closed at $87.07 on Friday.