Top Analyst Downgrades and Stocks to Sell: ARM, Devon and More
May 23, 2013 by Jon C. Ogg
ARM Holdings PLC (NASDAQ: ARMH) was cut to Neutral from Outperform at BNP Paribas.
Blue Nile Inc. (NASDAQ: NILE) was cut to Sector Perform at RBC Capital Markets.
Chipotle Mexican Grill Inc. (NYSE: CMG) was started as Neutral at Credit Suisse due to analyst departure.
Comerica Inc. (NYSE: CMA) was cut to Negative from an already cautious Neutral rating at Susquehanna.
Devon Energy Corp. (NYSE: DVN) was cut to Neutral from Overweight at J.P. Morgan.
Flextronics International Ltd. (NASDAQ: FLEX) was cut to Hold from Buy at Deutsche Bank.
Johnson & Johnson (NYSE: JNJ) was started as Underperform at Credit Suisse.
Patterson-UTI Inc. (NASDAQ: PTEN) was cut to Sell from Neutral at Goldman Sachs.
Prosperity Bancshares Inc. (NYSE: PB) was cut to Market Perform from Outperform at BMO Capital Markets.
Realty Income Corp. (NYSE: O) was cut to Sell from an already cautious Neutral at Goldman Sachs.
ReneSola Ltd. (NYSE: SOL) was cut to Underperform from an already cautious Neutral rating at Credit Suisse.
Sanmina Corp. (NASDAQ: SANM) was cut to Sell from Hold at Deutsche Bank.
Read also: Top Analyst Upgrades and Stocks to Buy
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