Analysts’ downgrades for Friday, September 8th:
Go-Ahead Group plc (LON:GOG) was downgraded by analysts at J P Morgan Chase & Co to an underweight rating. J P Morgan Chase & Co currently has GBX 1,355 ($17.50) price target on the stock, down from their previous price target of GBX 1,882 ($24.31).
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. “
OceanFirst Financial Corp. (NASDAQ:OCFC) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “OceanFirst Financial Corp. is a holding company for the OceanFirst Bank. “
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) “
Old Second Bancorp (NASDAQ:OSBC) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Old Second Bancorp Inc.’s full service banking businesses include the customary consumer and commercial products and services which banks provide. The following services are included: demand, savings, time deposit, individual retirement and Keogh deposit accounts; commercial, industrial, consumer and real estate lending, including installment loans, student loans, farm loans, lines of credit and overdraft checking; safe deposit operations; trust services; and an extensive variety of additional services tailored to the needs of individual customers. “
OraSure Technologies (NASDAQ:OSUR) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “OraSure Technologies, Inc. is the market leader for oral fluid diagnostics. The Company develops, manufactures, and markets medical devices and diagnostic products for use by insurance companies, public health agencies, clinical laboratories, physicians’ offices, and workplace sites. “
Dipexium Pharmaceuticals (NASDAQ:PLXP) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “PLx Pharma Inc. is a specialty pharmaceutical company. It focused on developing clinically validated and patent-protected PLxGuard(TM) delivery system to provide safe and effective aspirin products. PLx Pharma Inc., formerly known as Dipexium Pharmaceuticals Inc., is based in NEW YORK, United States. “
Relx N.V. (NYSE:RENX) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “RELX NV provides professional information solutions primarily in North America and Europe. The company’s operating segments consists of Scientific, Technical & Medical; Risk & Business Information; Legal, and Exhibitions. Scientific, Technical & Medical segment provides information and tools to help customers improve scientific and healthcare outcomes. Risk & Business Information segment provides data and analytics which enable customers to evaluate and manage risk. Legal segment provides legal, regulatory, news, business information and analysis to legal, corporate, Government and academic customers. Exhibitions segment, through the subsidiary Reed Exhibitions, organizes market events relevant to industry needs. RELX NV, formerly known as Reed Elsevier NV, is based in Amsterdam, the Netherlands. “
Sandy Spring Bancorp (NASDAQ:SASR) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “SANDY SPRING is a bank holding company for Sandy Spring National Bank of Maryland. The bank is community oriented, and conducts a full-service commercial banking business through community offices located in Montgomery, Howard, Prince George’s and Anne Arundel counties in Maryland. “
Swisscom AG (OTCMKTS:SCMWY) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Swisscom is Switzerland’s leading telecommunications company. The innovative, customer-focused and strongly-competitive group offers a full range of voice and data communication services on fixed-line and mobile networks. Swisscom offers the complete spectrum of state-of-the-art data services, from leased lines to integrated solutions for corporate customers. “
Shoe Carnival (NASDAQ:SCVL) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Shoe Carnival, Inc. is a high volume, value-oriented retailer of family footwear. They adhere to a highly promotional marketing concept that enables them to be competitive in the retail markets they enter. They provide a selection and variety of footwear normally associated with a category killer superstore in an exciting retail environment. “
