Investment Analysts’ downgrades for Wednesday, August 16th:
Chicago Bridge & Iron Company N.V. (NYSE:CBI) was downgraded by analysts at Jefferies Group LLC from a buy rating to a hold rating.
Dick’s Sporting Goods (NYSE:DKS) was downgraded by analysts at Royal Bank Of Canada from an outperform rating to a sector perform rating. Royal Bank Of Canada currently has $29.00 target price on the stock, down from their previous target price of $46.00.
Dick’s Sporting Goods (NYSE:DKS) was downgraded by analysts at Monness Crespi & Hardt from a buy rating to a neutral rating.
Dick’s Sporting Goods (NYSE:DKS) was downgraded by analysts at Buckingham Research from a buy rating to a neutral rating.
Gramercy Property Trust (NYSE:GPT) was downgraded by analysts at Bank of America Corporation from a neutral rating to a sell rating.
Kilroy Realty Corporation (NYSE:KRC) was downgraded by analysts at Bank of America Corporation from a buy rating to a hold rating. Bank of America Corporation currently has $77.00 target price on the stock.
Nevsun Resources (TSE:NSU) (TSE:NSU) was downgraded by analysts at BMO Capital Markets from an outperform rating to a market perform rating.
Southern Copper Corporation (NYSE:SCCO) was downgraded by analysts at HSBC Holdings plc from a buy rating to a hold rating. HSBC Holdings plc currently has $41.00 price target on the stock.
SL Green Realty Corporation (NYSE:SLG) was downgraded by analysts at Bank of America Corporation from a buy rating to a hold rating. The firm currently has $110.00 target price on the stock.
Teva Pharmaceutical Industries Limited (NYSE:TEVA) was downgraded by analysts at Citigroup Inc. from a buy rating to a neutral rating.
Verso Corporation (NYSE:VRS) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Verso Corporation is engaged in the paper industry. The Company produces coated freesheet, coated ground wood and uncoated super calendered papers and pulp. It serves to magazine and catalog publishers, commercial printers, specialty retail merchandisers and paper merchants. The company operates primarily in Kentucky, Maine, Maryland, Michigan, Minnesota and Wisconsin. Verso Corporation is based in Memphis, United States. “
Vista Outdoor (NYSE:VSTO) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Vista Outdoor Inc. develops, manufacture and distribute optics, accessories and eyewear. The Company operates in two segments: Shooting Sports and Outdoor Products. Its product consist of binoculars, laser rangefinders, riflescopes, trail cameras, archery accessories, blinds, decoys, game calls, gun care products, mounts, powder, reloading equipment, targets, target systems, safety and protective eyewear, fashion and sports eyewear. The company’s product portfolio include Bushnell(R), Primos(R), Bollè(R), Serengeti(R), Cèbè, RCBS(R), Hoppe’s(R), Uncle Mike’s(R), Gold Tip(R), Weaver(R) and Tasco(R). Vista Outdoor Inc. is headquartered in Utah. “
Vectren Corporation (NYSE:VVC) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Vectren Corp., through its regulated subsidiaries Indiana Gas and SIGECO, offers gas and/or electricity to customers in adjoining service areas that cover nearly two-thirds of Indiana. Vectren’s non-regulated subsidiaries currently offer energy-related products and services, including energy marketing, fiber-optic based communication services, and utility related services including materials management, debt collections, locating, meter reading and trenching services to customers throughout the surrounding region. (PRESS RELEASE) “
WebMD Health Corp (NASDAQ:WBMD) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “WebMD announced today that is has signed an agreement to acquire Conceptis Technologies Inc., a Montreal-based provider of online and offline medical education and promotion aimed at physicians and other healthcare professionals. Conceptis has been successful in developing a strong online presence in the cardiology community and is highly respected for the depth and breadth of content contained on its flagship. With the combination of two of the leading cardiology channels on the Internet, Medscape Cardiology and www.theheart.org, WebMD is well positioned to further its lead and penetration in this high value segment of medical marketing. “
Wentworth Resource Ord (NASDAQ:WENTF) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Wentworth Resources Ltd. is an oil & gas company with: natural gas production; exploration and appraisal opportunities; large-scale gas monetisation initiatives primarily in the Rovuma Delta Basin of coastal southern Tanzania and northern Mozambique. Wentworth Resources Ltd. is headquartered in Calgary, Canada. “
