Benzinga's Top Downgrades

Analysts at Bernstein downgraded Shire plc (NASDAQ: 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 (NYSE: 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 (NYSE: 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 (NASDAQ: 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.