Benzinga's Top Downgrades

Analysts at Boenning & Scattergood downgraded Webster Financial Corp. WBS from Outperform to Neutral and removed the price target of $34.00. Webster Financial's shares closed at $36.79 yesterday. Analysts at Goldman Sachs downgraded Garmin Ltd. GRMN from Buy to Neutral. The price target for Garmin has been lowered from $63.00 to $54.00. Garmin's shares closed at $47.07 yesterday. Analysts at Barclays downgraded Stryker Corporation SYK from Equal-weight to Underweight. The price target for Stryker has been raised from $88.00 to $92.00. Stryker's shares closed at $91.18 yesterday. Analysts at Jefferies downgraded NewLink Genetics Corporation NLNK from Buy to Hold. The price target for NewLink Genetics is set to $50. NewLink Genetics' shares closed at $53.94 yesterday.