Benzinga's Top Downgrades

Analysts at Deutsche Bank downgraded Dendreon (NASDAQ: DNDN) from “hold” to “sell.” The target price for Dendreon has been lowered from $6 to $1. Dendreon's shares closed at $3.19 yesterday.

Analysts at Oppenheimer downgraded Dick's Sporting Goods (NYSE: DKS) from “outperform” to “perform.” The target price for Dick's Sporting Goods has been lowered from $56 to $44. Dick's Sporting's shares closed at $46.49 yesterday.

Piper Jaffray downgraded Guess? (NYSE: GES) from “overweight” to “neutral.” The target price for Guess has been lowered from $35 to $31. Guess's shares closed at $28.78 yesterday.

Analysts at Bank of America downgraded Aeropostale (NYSE: ARO) from “buy” to “underperform.” The price target for Aeropostale has been lowered from $18 to $9. Aeropostale's shares closed at $10.98 yesterday.