Benzinga's Top Downgrades

Analysts at Robert W. Baird downgraded Theravance Inc THRX from “outperform” to “neutral.” THRX's shares closed at $23.51 yesterday. Theravance's trailing-twelve-month operating margin is -316.07%. Analysts at HSBC Securities downgraded Shanda Interactive Entertainment Ltd SNDA from “neutral” to “underweight.” SNDA's shares closed at $41.19 yesterday. SNDA's PEG ratio is 1.59. Analysts at Ardour Capital downgraded Exide Technologies XIDE from “buy” to “accumulate.” XIDE's stock closed at $7.35 yesterday. XIDE's trailing-twelve-month ROE is 22.63%. Sterne Agee downgraded Skyworks Solutions Inc SWKS from “buy” to “neutral.” SWKS's shares closed at $24.92 yesterday. Skyworks' trailing-twelve-month ROA is 10.68%. More Analyst Ratings here