Benzinga's Top Downgrades

Analysts at Citigroup downgraded Waddell & Reed Financial, Inc. WDR from Neutral to Sell. Waddell & Reed Financial shares closed at $28.97 on Monday. BTIG Research downgraded Verizon Communications Inc. VZ from Buy to Neutral. Verizon Communications shares closed at $45.45 on Monday. RBC Capital downgraded Johnson Controls Inc JCI from Outperform to Sector Perform. Johnson Controls shares closed at $39.67 on Monday. Analysts at UBS downgraded Dow Chemical Co DOW from Buy to Neutral. Dow Chemical shares closed at $51.28 on Monday. Analysts at Morgan Stanley downgraded Safe Bulkers, Inc. SB from Overweight to Equal-weight. The price target for Safe Bulkers has been lowered from $3.50 to $1. Safe Bulkers shares closed at $0.938 on Monday. Credit Suisse downgraded KB Home KBH from Neutral to Underperform. The price target for KB Home has been lowered from $17 to $12. KB Home shares closed at $12.38 on Monday. Goldman Sachs downgraded VeriFone Systems Inc PAY from Buy to Neutral. VeriFone shares closed at $26.45 on Monday. Analysts at RBC Capital downgraded American Axle & Manufact. Holdings, Inc. AXL from Outperform to Sector Perform. American Axle & Manufact. Holdings shares closed at $20.79 on Monday. Analysts at Argus Research downgraded Apache Corporation APA from Buy to Hold. Apache shares closed at $43.49 on Monday. Analysts at DA Davidson downgraded Jarden Corp JAH from Buy to Neutral. The price target for Jarden has been lowered from $64 to $56. Jarden shares closed at $54.09 on Monday.