Benzinga's Top Downgrades

Analysts at Bernstein downgraded Shire plc SHPG from “outperform” to “market perform.” The target price for Shire is set to $145. Shire's shares closed at $138.33 yesterday. Analysts at BMO Capital downgraded Valassis Communications VCI from “outperform” to “market perform.” The target price for Valassis Communications has been raised from $31 to $34. Valassis's shares closed at $34.60 yesterday. Morgan Stanley downgraded AbbVie ABBV from “overweight” to “equal-weight.” The target price for AbbVie is set to $57. AbbVie's shares closed at $54.32 yesterday. Raymond James downgraded Semtech SMTC from “strong buy” to “outperform.” The target price for Semtech has been lowered from $36 to $26. Semtech's shares closed at $28.07 yesterday.