Top Wall Street Analyst Downgrades: Annaly, MBIA, MercadoLibre, Valero and More

AngloGold Ashanti Ltd. (NYSE: AU) was cut to Sell from an already cautious Neutral rating at Goldman Sachs.

Annaly Capital Management Inc. (NYSE: NLY) was cut to Equal Weight from Overweight at Evercore.

Bed Bath & Beyond Inc. (NASDAQ: BBBY) was downgraded to Perform from Outperform at Oppenheimer.

HollyFrontier Corp. (NYSE: HFC) was cut to Hold from Buy at Cowen.

Lululemon Athletica Inc. (NASDAQ: LULU) was cut to Neutral from Outperform at Wedbush.

MBIA Inc. (NYSE: MBI) was cut to Strong Sell from an already cautious Hold rating by S&P Capital IQ late on Thursday.

MercadoLibre Inc. (NASDAQ: MELI) was cut to Neutral from Buy at Bank of America/Merrill Lynch.

PetSmart Inc. (NASDAQ: PETM) was cut to Perform from Outperform at Oppenheimer.

Sysco Corp. (NYSE: SYY) was cut to Sell from an already cautious Hold rating at Cantor Fitzgerald.

Valero Energy Corp. (NYSE: VLO) was cut to Hold from Buy at Cowen and started as Neutral at Credit Suisse.

Verisk Analytics Inc. (NASDAQ: VRSK) was cut to Market Perform from Outperform at Baird.

Here are today’s top analyst upgrades and positive research calls.