Benzinga's Top Downgrades - Alcoa (NYSE:AA), Emerson Electric (NYSE:EMR)

Macquarie downgraded Parsley Energy Inc PE from Outperform to Neutral. Parsley Energy shares rose 0.86 percent to close at $36.54 on Tuesday.
Avondale Partners downgraded Norfolk Southern Corp. NSC from Market Outperform to Underperform. Norfolk Southern shares declined 0.54 percent to $94.16 in pre-market trading.
Bank of America downgraded Alcoa Inc AA from Buy to Neutral. Alcoa shares fell 0.47 percent to $27.78 in pre-market trading.
Analysts at Cowen & Co. downgraded Hanesbrands Inc. HBI from Outperform to Market Perform. Hanesbrands shares rose 1.09 percent to close at $25.91 on Tuesday.
Analysts at UBS downgraded Emerson Electric Co. EMR from Neutral to Sell. The price target for Emerson Electric has been lowered from $53 to $44. Emerson Electric shares fell 1.85 percent to $49.85 in pre-market trading.
Baird downgraded Theravance Biopharma Inc TBPH from Neutral to Underperform. Theravance Biopharma shares fell 2.95 percent to close at $37.44 on Tuesday.
JP Morgan downgraded LPL Financial Holdings Inc LPLA from Overweight to Neutral. LPL Financial shares slipped 0.06 percent to $32.99 in pre-market trading.
Pacific Crest downgraded Lam Research Corporation LRCX from Overweight to Sector Weight. Lam Research shares fell 1.60 percent to $98.00 in pre-market trading.
Analysts at Janney Capital downgraded Endurance Specialty Holdings Ltd. ENH from Buy to Neutral. Endurance Specialty shares fell 0.22 percent to close at $91.75 on Tuesday.