Top Analyst Downgrades and Stocks to Sell: Atmel, Barclays, Enbridge, J.C. Penney and More

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By Jon C. Ogg Updated Published

Bull and Bear

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 Thursday’s top analyst downgrades and cautious research notes from Wall Street.

Atmel Corp. (NASDAQ: ATML) was downgraded to Neutral from Positive at Susquehanna.

Barclays PLC (NYSE: BCS) was downgraded to Market Perform from Outperform at Bernstein.

Covance Inc. (NYSE: CVD) was downgraded to Neutral from Buy at BofA/Merrill Lynch, but it was upgraded to Overweight at a firm called First Analysis.

Enbridge Energy Partners L.P. (NYSE: EEP) was downgraded to Neutral from Buy at Citigroup.

Entropic Communications Inc. (NASDAQ: ENTR) has seen at least two downgrades after earnings: cut to Neutral at Mizuho and a cut to Hold at Benchmark.

Humana Inc. (NYSE: HUM) was downgraded to Neutral from Buy at Citigroup.

J.C. Penney Co. Inc. (NYSE: JCP) was downgraded to Sell from Neutral at Citigroup.

Papa John’s International Inc. (NASDAQ: PZZA) was downgraded to Hold from Buy at KeyBanc.

Raymond James Financial Inc. (NYSE: RJF) was downgraded to Neutral From Positive at Susquehanna.

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About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

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