Benzinga's Top Downgrades

Analysts at Deutsche Bank downgraded Pier 1 Imports PIR from “buy” to “hold.” The target price for Pier 1 has been lowered from $24 to $18. Pier 1's shares closed at $15.86 yesterday. Wedbush downgraded PetSmart PETM from “outperform” to “neutral.” PetSmart's shares closed at $58.27 yesterday. Analysts at BMO Capital downgraded Coach COH from “outperform” to “market perform.” The target price for Coach has been lowered from $56 to $30. Coach's shares closed at $35.69 yesterday. Citigroup downgraded Oracle ORCL from “buy” to “neutral.” Oracle's shares closed at $42.51 yesterday.