Benzinga’s Top Downgrades (APC, WG, VECO, PMC)

Anadarko Petroleum Corporation APC was downgraded by FBR Capital from “outperform” to “market perform.” APC’s shares closed at $55.68 on Friday. Anadarko Petroleum’s earnings may fall by 104.15% this year. KeyBanc Capital Markets downgraded Willbros Group Inc WG from “buy” to “hold.” WG’s shares closed at $8.59 on Friday. Willbros Group’s quarterly earnings lost 186.03% y/y. Canaccord Adams downgraded Veeco Instruments Inc VECO from "buy" to "hold." VECO’s stock closed at $39.91 on Friday. Veeco Instruments’ 52-week trading range is $17.88 - $54.50. PharMerica Corporation PMC was downgraded by JMP Securities from “outperform” to “market perform.” PMC’s shares closed at $9.60 on Friday. PharMerica’s quarterly sales fell 1.28% y/y. More Analyst Ratings here