Benzinga's Top Downgrades

Analysts at Baird downgraded Tesla Motors Inc (NASDAQ: 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. (NASDAQ: 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 (NYSE: 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 (NASDAQ: 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. (NYSE: NUS) from Hold to Sell. Nu Skin Enterprises shares closed at $46.57 on Tuesday.

Analysts at Mizuho Securities downgraded PMC-Sierra Inc (NASDAQ: 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. (NYSE: 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. (NYSE: CBZ) from Overweight to Equal-weight. CBIZ shares closed at $10.87 on Tuesday.

Analysts at Wells Fargo downgraded Parkway Properties Inc (NYSE: PKY) from Outperform to Market Perform. Parkway Properties shares closed at $16.12 on Tuesday.