Top Analyst Downgrades (ARQL, ASML, CSCO, MEDX, MSFT)

These are the top analyst downgrades and cautious research calls we have seen from Wall Street this Thursday morning:

ArQule (ARQL) Cut to Sell at UBS.
ASML (ASML) Cut to Neutral at Piper Jaffray.
Cisco Systems (CSCO) Started as Hold at Argus.
Medarex (MEDX) Cut to Neutral at UBS.
Microsoft (MSFT) Cut to Sell at Argus.


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