Benzinga’s Top Downgrades (BKC, SMCI, PH, FE)

Burger King Holdings Inc BKC was downgraded by RW Baird from “outperform” to “neutral.” BKC’s shares closed at $17.17 yesterday. Burger King’s quarterly earnings dropped 13.09% y/y. Merriman Curhan Ford downgraded Super Micro Computer Inc SMCI from "buy" to "neutral." SMCI’s shares closed at $13.50 yesterday. Super Micro Computer’s earnings may fall by 37.14% this year. Wells Fargo Securities downgraded Parker-Hannifin Corporation PH from "outperform" to "market perform." PH’s stock closed at $64.18 yesterday. Parker-Hannifin’s earnings may drop by 43.50% this year. FirstEnergy Corp FE was downgraded by FBR Capital from "outperform" to "market perform." FE’s shares closed at $38.60 yesterday. FirstEnergy’s quarterly sales were down 1.05% y/y. More Analyst Ratings here
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Posted In: EarningsDowngradesMarketsAnalyst RatingsTrading IdeasComputer HardwareConsumer DiscretionaryIndustrial MachineryIndustrialsInformation TechnologyRestaurantsTop DowngradesUtilities
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