Benzinga's Top Downgrades

Analysts at Jefferies downgraded First Niagara Financial Group (NASDAQ: FNFG) from “outperform” to “hold.” The target price for First Niagara Financial Group has been raised from $12 to $19. First Niagara Financial's shares closed at $9.08 on Friday.

Wells Fargo downgraded BioCryst Pharmaceuticals (NASDAQ: BCRX) from “outperform” to “market perform.” BioCryst Pharmaceuticals' shares closed at $11.60 on Friday.

Analysts at JP Morgan downgraded Cisco Systems (NASDAQ: CSCO) from “neutral” to “underweight.” The target price for Cisco has been lowered from $21 to $17. Cisco's shares closed at $22.20 on Friday.

Janney Capital downgraded lululemon athletica (NASDAQ: LULU) from “buy” to “neutral.” The target price for lululemon athletica has been lowered from $61 to $49. lululemon's shares closed at $47.62 on Friday.