Top Analyst Downgrades and Stocks to Sell: Bank of America, Schwab, SanDisk and More

May 20, 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 Monday’s top analyst downgrades and cautious research notes from Wall Street.

Bank of America Corp. (NYSE: BAC) was cut to Market Perform from outperform at KBW.

Bed Bath & Beyond Inc. (NASDAQ: BBBY) was cut to Hold from Buy at Jefferies.

BlackRock Inc. (NYSE: BLK) was cut to Market Perform from Outperform at KBW.

Brinker International Inc. (NYSE: EAT) was cut to Market Perform from outperform at Wells Fargo.

Charles Schwab Corp. (NYSE: SCHW) was cut to Underperform from Market Perform at KBW.

Kansas City Southern Corp. (NYSE: KSU) was cut to Sell from Hold at Stifel Nicolaus.

Leap Wireless Inc. (NASDAQ: LEAP) was cut to Sell from an already cautious Hold rating at Deutsche Bank.

Lowe’s Companies Inc. (NYSE: LOW) was cut to Perform from outperform at Oppenheimer.

NeuStar Inc. (NYSE: NSR) was cut to Neutral from Buy at Goldman Sachs.

Red Hat Inc. (NYSE: RHT) was cut to Market Perform from Outperform BMO Capital.

Ruby Tuesday Inc. (NYSE: RT) was cut to Market Perform from Outperform at Wells Fargo.

SanDisk Corp. (NASDAQ: SNDK) was cut to Neutral from Buy at Nomura.

TD Ameritrade Holding Corp. (NYSE: AMTD) was cut to Underperform from Market Perform at KBW.

See also: Top Analyst Upgrades and Positive Calls This Monday

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