Top Analyst Downgrades and Stocks to Sell: Comerica, Maxim and SeaWorld

May 29, 2013 by Jon C. Ogg

Investors frequently get to see the analyst upgrades and Buy ratings from Wall Street firms. What investors often do not get to see is when analyst downgrade stocks to sell or to avoid. 24/7 Wall St. reviews many fresh research calls each and every day to find great ideas from value stocks to growth stocks to dividend stocks, and we have broken out the negative analyst calls today. These are this Wednesday’s top analyst downgrades and cautious research notes from Wall Street.

Comerica Inc. (NYSE: CMA) was cut to Hold from Buy at Wunderlich.

Conceptus Inc. (NASDAQ: CPTS) was cut to Market Perform from outperform at Raymond James.

Enerplus Corp. (NYSE: ERF) was cut to Sector Perform from Outperform at RBC Capital Markets.

Javelin Mortgage Investment Corp. (NYSE: JMI) was cut to Neutral from Buy at Citigroup.

Maxim Integrated Products Inc. (NASDAQ: MXIM) was cut to Neutral from Buy at Citigroup.

Vertex Pharmaceuticals Inc. (NASDAQ: VRTX) was maintained Hold as shares are fully valued based on its pipeline according to Argus.

Western Asset Mortgage Capital Corp. (NYSE: WMC) was cut to Neutral from Buy at Citigroup.

Read also: A How-To Guide to Capitalize on Rising Interest Rates

The quiet period for SeaWorld Entertainment Inc. (NYSE: SEAS) has now ended and the analyst coverage had more cautious valuation Neutral ratings than we would have expected out of the chute. Nomura, Goldman Sachs, Citigroup, J.P. Morgan and Lazard all initiated coverage with Neutral ratings. Bank of America/Merrill Lynch and KeyBanc issued Buy ratings.

See also: Top Analyst Upgrades and Stocks to Buy

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