Benzinga's Top Downgrades

Analysts at JPMorgan downgraded Vipshop Holdings Ltd – ADR VIPS from Overweight to Neutral. The target price for Vipshop has been lowered from $15 to $11. Vipshop shares dropped 13.90 percent to $10.59 in pre-market trading. Citigroup downgraded Discovery Communications Inc. DISCA from Neutral to Sell. The target price for Discovery Communications has been lowered from $30 to $27. Discovery Communications shares fell 2.48 percent to $26.77 in pre-market trading. Analysts at Mizuho Securities downgraded Anacor Pharmaceuticals Inc ANAC from Buy to Neutral. Anacor Pharmaceuticals shares declined 0.68 percent to close at $99.99 on Tuesday. Citigroup downgraded Scripps Networks Interactive, Inc. SNI from Neutral to Sell. The target price for Scripps Networks has been lowered from $69 to $62. Scripps Networks shares gained 0.36 percent to close at $64.49 on Tuesday. Analysts at Capital One Financial downgraded Prologis Inc PLD from Overweight to Equal-weight. Prologis shares declined 1.23 percent to close at $47.50 on Tuesday. BMO Capital downgraded Xtera Communications Inc XCOM from Outperform to Market Perform. Xtera Communications shares dipped 7.96 percent to close at $1.85 on Tuesday.