Equities Research Analysts’ downgrades for Saturday, September 2nd:
Lloyds Banking Group PLC (NYSE:LYG) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Lloyds Banking Group plc, formerly Lloyds TSB Group plc, is a United Kingdom-based financial services company, whose businesses provide a range of banking and financial services in the United Kingdom and a limited number of locations overseas. Headquartered in London, the company operates through three segments: UK Retail Banking, Insurance and Investments, and Wholesale and International Banking. The UK Retail Banking segment provides banking and financial services, mortgages, and private banking services. The Insurance and Investments segment offers life assurance, pensions and savings products, general insurance, and fund management services. The Wholesale and International Banking segment provides banking and related services for companies, small and medium-sized businesses, banks, and financial institutions; and asset finance to personal and corporate customers. “
Medicure (OTCMKTS:MCUJF) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Medicure Inc is a cardiovascular drug discovery and development company focused on developing effective therapeutics for unmet needs in the field of cardiovascular medicine. In addition to MC-4232, they are also conducting Phase II clinical trials with MC-1, which is focused on the prevention and treatment of ischemia, ischemic reperfusion injury, and stroke. “
Magic Software Enterprises (NASDAQ:MGIC) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Magic Software Enterprises, a member of the Formula Group, develops, markets and supports software development and deployment technology that enables enterprises to accelerate the process of building and deploying applications that can be rapidly customized and integrated with existing systems. Magic technology, applications and professional services are available through a global network of subsidiaries, distributors and Magic solutions partners. (PRESS RELEASE) “
Mountain Province Diamonds (NASDAQ:MPVD) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Mountain Province Diamonds Inc. Diamonds is a diamond exploration and development company. It has properties located in Canada’s Northwest Territories. Mountain Province Diamonds Inc., formerly known as Mountain Province Mining Inc., is headquartered in Toronto, Ontario. “
The Navigators Group (NASDAQ:NAVG) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “The Navigators Group, Inc. is a holding company with twelve active wholly owned subsidiaries. They primarily write marine, onshore energy, engineering and construction insurance, and a contractors’ general liability program. As underwritten by Navigators, marine insurance includes hull, energy, liability and cargo; onshore energy primarily covers property damage with an emphasis on the oil and petrochemical sectors; and engineering and construction primarily covers construction projects including machinery, equipment and loss of use due to delays. “
NBT Bancorp (NASDAQ:NBTB) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “NBT BANCORP INC. is a one bank holding company engaged in general banking business. “
Anglo Amer Adr (OTCMKTS:NGLOY) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Anglo American PLC is a mining company. Its portfolio includes iron ore, manganese, metallurgical coal, copper, nickel, platinum and diamonds. The company operates primarily in Africa, Europe, North and South America, Asia and Australia. Anglo American PLC is headquartered in London, the United Kingdom. “
Bank of N.T. Butterfield & Son (NYSE:NTB) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “The Bank of N.T. Butterfield & Son Limited offers bank and wealth management services. It provides retail and corporate banking products and services as well as wealth management solutions comprising trust, private banking and asset management. The company operates primarily in Bermuda, the Cayman Islands, Guernsey, The Bahamas, Switzerland and the United Kingdom. The Bank of N.T. Butterfield & Son Limited is headquartered in Hamilton, Bermuda. “
Nexeo Solutions (NASDAQ:NXEO) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Nexeo Solutions, Inc. distributes chemicals and plastics products. The company’s line of business consists of Chemicals, Plastics and Environmental Services. It operates primarily in North America, Europe, the Middle East and Africa and Asia. Nexeo Solutions, Inc. is based in The Woodlands, Texas. “
Obic Co (NASDAQ:OBIIF) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “OBIC Co., Ltd provides system integration services, system support services, office automation services, and package software services. It also sells, leases and develops computers, peripherals, related systems and customized software. OBIC Co., Ltd is headquartered in Tokyo, Japan. “
Oriental Land (NASDAQ:OLCLY) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Oriental Land Co., Ltd. operates and manages theme parks and hotels primarily in Japan. Oriental Land Co. is headquartered in Urayasu, Japan. “
On Deck Capital (NYSE:ONDK) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “On Deck Capital, Inc. is an on-line platform that uses a big data, analytic model to source, underwrite, and fund loans to small businesses. The Company offers online tools and resources including data aggregation and electronic payment technology, and to evaluate the health of small businesses. It’s small business loans include dental loans, restaurant loans, medical financing, restaurant financing, fast small business loans, fast small business financing, online small business loans, online applications for small business loans, small business loans online, retail capital, fast small business financing, short-term business loans, business equipment financing, small business equipment financing and merchant cash advance. On Deck Capital Inc. is based in United States. “
Orbotech (NASDAQ:ORBK) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Orbotech LTD. is the world leader in the design, development, manufacture and marketing of AOI systems for use in the manufacture of printed circuit boards and flat panel displays and is a leader in the design, development, manufacture and marketing of imaging solutions for PCB production and of AOI systems for use in the electronics assembly industry. They market computer aided manufacturing solutions for PCB production and continue to develop its proprietary AOI technologies for use in other applications both within and outside the electronics industry. (press release) “
ORIENT O/SEAS INTL (NASDAQ:OROVY) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Orient Overseas (International) Limited through its subsidiaries operates as a provider of container transport and logistics services. Its principal business activities include container transport and logistics services, ports and terminals, and property investment. The Company also provides freight management services, extensive domestic distribution services and supply-chain management. It also operates container terminals which forms an integral part of its international containerized transportation business. Orient Overseas (International) Limited is headquartered in Wanchai, Hong Kong. “
