Benzinga's Top Downgrades

Analysts at Morgan Stanley downgraded Phillips 66 (NYSE: PSX) from Overweight to Equal-weight. Phillips 66 shares gained 0.01 percent to $79.44 in pre-market trading.

RBC Capital downgraded LTC Properties Inc (NYSE: LTC) from Outperform to Sector Perform. LTC Properties shares declined 0.84 percent to $49.47 in pre-market trading.

Analysts at Oppenheimer downgraded Envision Healthcare Holdings Inc (NYSE: EVHC) from Outperform to Perform. Envision Healthcare shares dropped 4.03 percent to $24.77 in pre-market trading.

Barclays downgraded Talen Energy Corp (NYSE: TLN) from Overweight to Equal-weight. Talen Energy shares declined 0.37 percent to close at $13.60 on Thursday.

Analysts at Argus Research downgraded ONEOK, Inc. (NYSE: OKE) from Buy to Hold. ONEOK shares declined 0.27 percent to close at $44.90 on Thursday.

Brean Capital downgraded LDR Holding Corp (NASDAQ: LDRH) from Buy to Hold. LDR Holding shares closed at $37.02 on Thursday.

Analysts at Morgan Stanley downgraded HollyFrontier Corp (NYSE: HFC) from Equal-weight to Underweight. HollyFrontier shares declined 1.01 percent to $24.51 in pre-market trading.