Benzinga's Top Downgrades

Analysts at Baird downgraded Tesla Motors Inc TSLA to Neutral. The price target for Tesla Motors has been lowered from $335 to $282. Tesla Motors shares closed at $241.46 on Tuesday. Mizuho Securities downgraded Illumina, Inc. ILMN from Buy to Neutral. The price target for Illumina has been lowered from $250 to $150. Illumina shares closed at $145.81 on Tuesday. Analysts at Morgan Stanley downgraded Peabody Energy Corporation BTU from Overweight to Equal-weight. The price target for Peabody Energy has been lowered from $180 to $45. Peabody Energy shares closed at $26.51 on Tuesday. Analysts at Wedbush downgraded PMC-Sierra Inc PMCS from Outperform to Neutral. The price target for PMC-Sierra has been raised to $10.50. PMC-Sierra shares closed at $10.24 on Tuesday. Stifel Nicolaus downgraded Nu Skin Enterprises, Inc. NUS from Hold to Sell. Nu Skin Enterprises shares closed at $46.57 on Tuesday. Analysts at Mizuho Securities downgraded PMC-Sierra Inc PMCS from Buy to Neutral. The price target for PMC-Sierra has been lowered from $14 to $10.50. PMC-Sierra shares closed at $10.24 on Tuesday. Morgan Stanley downgraded Cloud Peak Energy Inc. CLD from Overweight to Equal-weight. The price target for Cloud Peak Energy has been lowered from $15 to $5. Cloud Peak Energy shares closed at $3.07 on Tuesday. First Analysis downgraded CBIZ, Inc. CBZ from Overweight to Equal-weight. CBIZ shares closed at $10.87 on Tuesday. Analysts at Wells Fargo downgraded Parkway Properties Inc PKY from Outperform to Market Perform. Parkway Properties shares closed at $16.12 on Tuesday.