Top Analyst Downgrades and Stocks to Sell: Buckeye, MannKind, VistaPrint and More

September 6, 2013 by Jon C. Ogg

Interest rates have risen and volatility in stocks has resumed. Traders and investors are looking for bargain stocks but also trying to decide which stocks they should get out as well. These same investors frequently get to see the analyst upgrades and Buy ratings from Wall Street firms, but they often do not get to see when analysts downgrade stocks to sell or to avoid. 24/7 Wall St. reviews dozens of new research calls each and every morning 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 Friday’s top analyst downgrades and cautious research notes from Wall Street.

The Andersons Inc. (NASDAQ: ANDE) was downgraded to Hold from Buy at BB&T Capital Markets.

Buckeye Partners L.P. (NYSE: BPL) was downgraded to Neutral from Overweight at J.P. Morgan.

Gap Inc. (NYSE: GPS) was reiterated as Neutral at Canaccord Genuity.

Interxion Holding N.V. (NASDAQ: INXN) was downgraded to Perform from outperform at Oppenheimer.

M&T Bank Corp. (NYSE: MTB) was downgraded to Neutral from Outperform by Credit Suisse.

MannKind Corp. (NASDAQ: MNKD) was downgraded to Underperform from Neutral and the price target was slashed to $5 from $8 (versus $6.30 close) at BofA/Merrill Lynch; shares are trading down 6% or so.

Vistaprint N.V. (NASDAQ: VPRT) was started with an Underweight rating and a $48 price target (versus $54.21 close) at Barclays.

Friday’s analyst upgrades had many more names than the downgrades.

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