Benzinga's Top Downgrades

Analysts at Drexel Hamilton downgraded Avago Technologies Ltd AVGO from Buy to Hold. The target price for Avago Technologies has been lowered from $180 to $125. Avago Technologies shares closed at $123.27 yesterday. Goldman Sachs downgraded Ophthotech Corp OPHT from Neutral to Sell. The target price for Ophthotech is set to $45. Ophthotech shares closed at $62.13 yesterday. Analysts at Piper Jaffray downgraded Michael Kors Holdings Ltd KORS from Neutral to Underweight. Michael Kors shares closed at $43.76 yesterday. RBC Capital downgraded Shutterstock Inc SSTK from Outperform to Sector Perform. Shutterstock shares closed at $34.61 yesterday. Analysts at B. Riley downgraded Sally Beauty Holdings, Inc. SBH from Buy to Neutral. The target price for Sally Beauty has been lowered from $37 to $30. Sally Beauty shares closed at $26.81 yesterday. JP Morgan downgraded Alnylam Pharmaceuticals, Inc. ALNY from Overweight to Neutral. The target price for Alnylam Pharmaceuticals has been lowered from $125 to $115. Alnylam Pharmaceuticals shares closed at $119.87 yesterday. Analysts Lake Street downgraded ANADIGICS, Inc. ANAD from Buy to Hold. The target price for Anadigics has been lowered from $2 to $0.50. Anadigics shares closed at $0.570 yesterday. Raymond James downgraded Ubiquiti Networks Inc UBNT from Market Perform to Underperform. Ubiquiti Networks shares closed at $32.05 yesterday. FBR Capital downgraded PHH Corporation PHH from Outperform to Market Perform. PHH shares closed at $16.28 yesterday. Analysts at Wedbush downgraded Broadcom Corporation BRCM from Outperform to Neutral. The target price for Broadcom has been lowered from $61 to $54. Broadcom shares closed at $49.71 yesterday.