Benzinga's Top Downgrades

Analysts at Citigroup downgraded Kosmos Energy KOS from “buy” to “neutral.” The target price for Kosmos Energy has been lowered from $15 to $12. Kosmos Energy's shares closed at $10.52 yesterday. JP Morgan downgraded Strategic Hotels & Resorts BEE from “overweight” to “neutral.” The target price for Strategic Hotels & Resorts is set to $9. Strategic Hotels' shares closed at $8.13 yesterday. Morgan Stanley downgraded BRE Properties BRE from “overweight” to “equal-weight.” The target price for BRE Properties has been lowered from $58 to $55. BRE Properties' shares closed at $51.20 yesterday. Analysts at Credit Suisse downgraded International Business Machines IBM from “neutral” to “underperform.” IBM's shares closed at $195.50 yesterday.