Investment Analysts’ downgrades for Wednesday, October 11th:

Bank Of New York Mellon Corporation (The) (NYSE:BK) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “BNY Mellon's shares have outperformed the industry in the last six months. The performance was supported by the company’s decent earnings surprise history. It surpassed the Zacks Consensus Estimate for earnings in two of the trailing four quarters. Easing margin pressure (driven by gradual rise in interest rates), potential lesser regulations, cost-saving initiatives and rising loan demand are expected to aid profitability. However, concentration risk arising from significant dependence on fee-based income remains a matter of concern in the near term.”

Coca Cola HBC AG – (OTC:CCHGY) was downgraded by analysts at Jefferies Group LLC from a buy rating to a hold rating.

DaVita HealthCare Partners (NYSE:DVA) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Over the past one year, DaVita has underperformed the broader industry in terms of price. DaVita ended second-quarter fiscal 2017 on a mixed note wherein adjusted earnings missed the Zacks Consensus Estimate while revenues beat the same. Davita’s revenues in the second quarter reflected significant year-over-year growth on the back of strong patient services. The company saw solid improvement in Kidney care in the quarter. DaVita also made efforts to control expenses in the second quarter. The company’s strength basically lies in its enhanced service offerings. A compelling inorganic growth story supported by its strong financial position is another positive. However, DaVita remains challenged by high debt levels, adverse effects of healthcare reforms, rise in Medicare costs, and an increase in Medicare Advantage (MA) beneficiaries. Also, MA rate cuts are likely to hurt the bottom line in the near future.”

The Kraft Heinz (NASDAQ:KHC) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Shares of Kraft Heinz underperformed its industry in the last six months. Estimates are also trending downward for 2017 and 2018 over the last 60 days. Kraft Heinz, like many other U.S. food producers, has been struggling due to the shift in consumer preference toward natural and organic ingredients over packaged and processed food. This, along with soft spending by U.S. shoppers, are hurting the company’s categories. The company is witnessing top-line weakness for the last several quarters. Again, unfavorable currency translation is a major headwind for Kraft Heinz, which is likely to hurt results in 2017.”

Red Robin Gourmet Burgers (NASDAQ:RRGB) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Red Robin’s shares outpaced the industry year to date. Menu innovation, focus on increasing service speed, effective marketing and remodeling program to reinvigorate brands have got the growth story back on track, after a disappointing 2016. Though the current challenging retail environment continued affecting business in first-half 2017, initiatives undertaken to improve sales and regain market share as the year progresses bode well. Moreover, Red Robin has a mostly positive record of earnings surprises in recent quarters. Still, cost-related issues along with company’s limited international presence and domestic contraction raise concerns. A slowdown in company’s 2017 unit growth plan given the choppy sales environment could further weigh on sales. Estimates too have been going down ahead of its third quarter earnings release.”

SunTrust Banks (NYSE:STI) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “SunTrust’s shares have outperformed the industry over the past six months. Also, the company has an impressive earnings surprise history. It surpassed the Zacks Consensus Estimate for earnings in all the trailing four quarters. Easing margin pressure, rise in loan demand, initiatives to enhance revenue growth and improve efficiency as well as expected rise in lending activates (owing to the potential lesser regulations) should support the company’s profitability. Also, impressive capital deployment activities reflect strong capital position. However, its significant exposure to commercial and residential loan portfolios remain a concern. Further, expectations of slowdown in mortgage business makes us apprehensive.”

Triton International Limited (NASDAQ:TRTN) was downgraded by analysts at Zacks Investment Research from a strong-buy rating to a hold rating. According to Zacks, “Triton International Limited offers acquisition, leasing, re-leasing, and sale of intermodal containers. The company’s leasing equipment consists of Dry Freight Containers, Refrigerated Containers, Special Containers, Tank Containers and Chassis. Triton International Limited, formerly known as TAL International Group, Inc., is based in Hamilton, Bermuda. “

TPG Specialty Lending (NYSE:TSLX) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “TPG Specialty Lending, Inc. is a specialty finance company. It is focused on providing fully-underwritten capital solutions to middle market companies. The Company specializes in standalone first-lien loans, standalone second-lien loans, mezzanine loans, unitranche loans. TPG Specialty Lending, Inc. is based in Fort Worth, Texas. “

TIM Participacoes (NYSE:TSU) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “TIM PARTICIPAÇÕES S.A. is a holding company, the single company in Brazil to offer mobile cellular service throughout the Brazilian territory, by means of its subsidiaries TIM Celular S.A. and TIM Nordeste S.A. The company is the largest GSM (Global System for Mobile communications) operator of the country, in terms of clients and revenues and TIM Participações ended the 3Q08 with 35.2 million clients and a market share of 25%. “

TechTarget (NASDAQ:TTGT) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “TECHTARGET, a leading online Information Technology media company, provides IT companies with ROI-focused marketing programs to generate leads, shorten sales cycles, and grow revenues. The company is also a leading provider of independent, peer and vendor content, a leading distributor of white papers, and a leading producer of vendor-sponsored Webcasts and Podcasts for the IT market. Its Web sites are complemented by numerous invitation-only events and two magazines. TechTarget provides proven lead generation and branding programs to numerous advertisers including Cisco, Dell, EMC, HP, IBM, Intel, Microsoft, SAP and Symantec. “

Two Harbors Investments Corp (NYSE:TWO) was downgraded by analysts at Zacks Investment Research from a hold rating to a strong sell rating. According to Zacks, “Two Harbors Investment Corp is a Real Estate Investment Trust that focuses on investing in, financing and managing residential mortgage-backed securities and mortgage loans. Its objective is to provide risk-adjusted returns to investors through dividends and capital appreciation. Two Harbors intends to acquire and manage a portfolio of mortgage-backed securities, focusing on security selection and the relative value of various sectors within the mortgage market. As an investment strategy, the company expects to deploy moderate borrowings through, with respect to Agency RMBS, short-term borrowings structured as repurchase agreements and, with respect to non-Agency RMBS and residential mortgage loans, private funding sources. It may also finance portions of its portfolio through non-recourse term borrowing facilities and equity financing under the Legacy Loan Program and Term Asset-Backed Securities Lending Facility (TALF), if such financing becomes available. “

Under Armour (NYSE:UAA) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Shares of Under Armour have not only witnessed a sharp decline in a year but have also underperformed the industry by a wide margin. The stock is unlikely to recover in the near term as investors’ sentiments were further hurt by the company’s conservative sales guidance for the full year. The company expects net revenues for 2017 to rise in the range of 9-11%, down from the prior estimate of an increase of 11-12% over the 2016 level primarily due to moderation in North American business. Further, it anticipates adjusted gross margin to decline by a minimum of 120 basis points in 2017 due to foreign currency headwinds, restructuring plan and efforts toward managing inventory. We also observe that, of late, earnings estimates for the company have witnessed downward revisions. Nevertheless, the company’s sustained focus on brand development, expansion of direct-to-consumer and technology-based fitness business bode well.”

U S Concrete (NASDAQ:USCR) was downgraded by analysts at Zacks Investment Research from a strong-buy rating to a hold rating. According to Zacks, “U.S. Concrete Inc. operates as a provider of ready-mixed concrete and concrete-related products and services to the construction industry in the United States. The Company operates in two segments: ready-mixed concrete and concrete-related products; and precast concrete. The Company’s ready-mixed concrete and concrete-related products segment produces and sells ready-mixed concrete, aggregates (crushed stone, sand and gravel), concrete masonry and building materials. Its precast concrete products segment produces and sells precast concrete products. Markets served by the Company include west Texas, northern California, New Jersey, New York, Washington, D.C., Oklahoma and the mid-Atlantic region. U.S. Concrete Inc. is based in Houston, Texas, USA. “

Unite Group (NASDAQ:UTGPF) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “The Unite Group plc is a property investment company. It develops and operates student accommodation primarily in the United Kingdom. The Unite Group plc is headquartered in Bristol, the United Kingdom. “

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