Benzinga's Top Downgrades

Analysts at Keefe Bruyette & Woods downgraded Western Alliance Bancorporation WAL from Outperform to Market Perform. The price target for Western Alliance Bancorp is set to $34. Western Alliance Bancorp shares closed at $32.42 yesterday. Analysts at JMP Securities downgraded Achillion Pharmaceuticals, Inc. ACHN from Market Outperform to Market Perform and removed the price target of $24.00. Achillion Pharmaceuticals' shares closed at $10.68 yesterday. Analysts at Ladenburg Thalmann downgraded Crestwood Midstream Partners LP CMLP from Buy to Neutral. Crestwood Midstream shares closed at $13.91 yesterday. Analysts at Baird downgraded SunTrust Banks, Inc. STI from Neutral to Underperform. The price target for SunTrust Banks has been raised from $39.00 to $41.00. SunTrust Banks shares closed at $43.62 yesterday. Baird downgraded Fifth Third Bancorp FITB from Outperform to Neutral. The price target for Fifth Third Bancorp is set to $21. Fifth Third Bancorp shares closed at $20.94 yesterday. CLSA downgraded Leju Holdings Ltd (ADR) LEJU from Buy to Underperform. Leju Holdings' shares closed at $9.38 yesterday. Bank of America downgraded Bank of Nova Scotia BNS from Neutral to Underperform. Bank of Nova shares closed at $53.37 yesterday. Jefferies downgraded Marrone Bio Innovations Inc MBII from Buy to Hold. Marrone Bio Innovations' shares closed at $2.36 yesterday. JP Morgan downgraded Braskem SA (ADR) BAK from Overweight to Neutral. Braskem shares closed at $9.44 yesterday. FIrst Analysis downgraded Ashland Inc ASH from Overweight to Equalweight. Ashland shares closed at $128.16 yesterday.