Benzinga's Top Downgrades

Analysts at Jefferies downgraded Salix Pharmaceuticals Ltd. (NASDAQ: SLXP) from Buy to Hold. The price target for Salix Pharmaceuticals has been raised from $149.00 to $173.00. Salix Pharmaceuticals' shares closed at $172.48 yesterday.

Analysts at JP Morgan downgraded Mercadolibre, Inc. (NASDAQ: MELI) from Overweight to Neutral. The price target for Mercadolibre has been lowered to $141.00. Mercadolibre's shares closed at $127.66 yesterday.

Bank of America downgraded Himax Technologies, Inc. (NASDAQ: HIMX) from Buy to Underperform. The price target for Himax Technologies has been lowered from $11.45 to $7.00. Himax Technologies' shares closed at $6.74 yesterday.

Analysts at Raymond James downgraded iRobot Corporation (NASDAQ: IRBT) from Strong Buy to Outperform. The price target for iRobot has been lowered from $45.00 to $41.00. iRobot's shares closed at $32.06 yesterday.