Benzinga's Top Downgrades

Analysts at Barclays downgraded International Business Machines IBM from “overweight” to “equal-weight.” The target price for IBM has been lowered from $215 to $190. IBM's shares closed at $184.10 on Friday. Bank of America downgraded QUALCOMM QCOM from “buy” to “neutral.” The target price for QUALCOMM is set to $75. QUALCOMM's shares closed at $68.02 on Friday. Analysts at Morgan Stanley downgraded Alcoa AA from “overweight” to “equal-weight.” The target price for Alcoa is set to $90. Alcoa's shares closed at $7.96 on Friday. Analysts at Macquarie downgraded C.H. Robinson Worldwide CHRW from “neutral” to “underperform.” The target price for C.H. Robinson Worldwide has been lowered from $59.50 to $54. C.H. Robinson's shares closed at $58.48 on Friday.