Benzinga's Top Downgrades

Analysts at RBC Capital downgraded CIENA CIEN from “outperform” to “sector perform.” The target price for CIENA is set to $28. CIENA's shares closed at $22.42 yesterday. Analysts at Societe Generale downgraded Citigroup C from “buy” to “hold.” Citigroup's shares closed at $47.45 yesterday. Deutsche Bank downgraded Pacific Gas & Electric Co PCG from “buy” to “hold.” The target price for Pacific Gas & Electric is set to $45. Pacific Gas & Electric's shares closed at $43.64 yesterday. Analysts at MKM Partners downgraded Ambac Financial AMBC from “neutral” to “sell.” The target price for Ambac Financial is set to $21. Ambac Financial's shares closed at $31.02 yesterday.