Benzinga's Top Downgrades

Analysts at Deutsche Bank downgraded Nucor Corporation NUE from Buy to Hold. Nucor shares closed at $46.59 on Tuesday. Goldman Sachs downgraded HollyFrontier Corp HFC from Neutral to Sell. The target price for HollyFrontier has been lowered from $37 to $34. HollyFrontier shares closed at $38.36 on Tuesday. Analysts at Leerink Swann downgraded Novartis AG (ADR) NVS from Outperform to Market Perform. The target price for Novartis has been lowered from $98 to $85. Novartis shares closed at $74.42 on Tuesday. Analysts at Raymond James downgraded Nasdaq Inc NDAQ from Strong Buy to Outperform. The target price for Nasdaq has been raised from $67 to $70. Nasdaq shares closed at $65.42 on Tuesday. BMO Capital downgraded Southern Copper Corp SCCO from Outperform to Market Perform. The target price for Southern Copper is set to $30. Southern Copper shares closed at $28.40 on Tuesday. Analysts at SunTrust Robinson Humphrey downgraded IHS Inc. IHS from Buy to Neutral. The target price for IHS has been lowered from $135 to $130. IHS shares closed at $125.00 on Tuesday. Deutsche Bank downgraded Reliance Steel & Aluminum Co RS from Buy to Hold. Reliance Steel & Aluminum shares closed at $69.16 on Tuesday. Analysts at TD Securities downgraded TELUS Corporation (USA) TU from Buy to Hold. TELUS shares closed at $31.82 on Tuesday. Capital One Securities downgraded Apache Corporation APA from Overweight to Equal-weight. Apache shares closed at $50.25 on Tuesday. Analysts at B&T Capital downgraded Hooker Furniture Corporation HOFT from Buy to Hold. Hooker Furniture shares closed at $35.24 on Tuesday.