Benzinga's Top Downgrades

B. Riley downgraded Perrigo Company plc (NYSE: PRGO) from Buy to Neutral. The target price for Perrigo has been lowered from $237 to $146. Perrigo shares closed at $130.12 on Thursday.

Analysts at JP Morgan downgraded Duke Energy Corp (NYSE: DUK) from Overweight to Neutral. The target price for Duke Energy has been lowered from $82 to $81. Duke Energy shares closed at $76.21 on Thursday.

Analysts at Johnson Rice downgraded Ultra Petroleum Corp. (NYSE: UPL) from Accumulate to Hold. Ultra Petroleum shares closed at $0.382 on Thursday.

Goldman Sachs downgraded Best Buy Co Inc (NYSE: BBY) from Conviction Buy to Neutral. The target price for Best Buy has been raised from $32 to $33. Best Buy shares closed at $30.75 on Thursday.

Barclays downgraded Entergy Corporation (NYSE: ETR) from Outperform to Equal-weight. The target price for Entergy has been raised from $75 to $76. Entergy shares closed at $73.44 on Thursday.

Analysts at Credit Suisse downgraded Sunedison Inc (NYSE: SUNE) from Outperform to Neutral. The target price for SunEdison has been lowered from $19 to $3. SunEdison shares closed at $1.50 on Thursday.

Analysts at FBR Capital downgraded Fluor Corporation (NEW) (NYSE: FLR) from Outperform to Market Perform. The target price for Fluor has been lowered from $57 to $46. Fluor shares closed at $46.46 on Thursday.

JMP Securities downgraded TrueCar Inc (NASDAQ: TRUE) from Market Outperform to Market Perform. TrueCar shares closed at $5.77 on Thursday.

Analysts at UBS downgraded Spirit AeroSystems Holdings, Inc. (NYSE: SPR) from Buy to Neutral. Spirit AeroSystems shares closed at $46.05 on Thursday.

Analysts at Wells Fargo downgraded Syntel, Inc. (NASDAQ: SYNT) from Outperform to Market Perform. Syntel shares closed at $45.15 on Thursday.

Posted-In: Top DowngradesDowngrades Analyst Ratings

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