Benzinga's Top Downgrades (TIF, CGV, FRX, MERC)

Tiffany & Co TIF was downgraded by Goldman from “neutral” to "sell." TIF's shares closed at $45.56 yesterday. Tiffany's 52-week trading range is $34.95-$51.60. JP Morgan downgraded CGG Veritas CGV from "overweight" to "neutral." CGV's shares closed at $22.19 yesterday. CGV's earnings are likely to fall by 173.21% this year. Forest Laboratories Inc FRX was downgraded by Morgan Stanley from "overweight" to "equal weight." FRX's shares closed at $31.62 yesterday. Forest Laboratories' quarterly earnings dipped 54.96% y/y. Analysts at Raymond James downgraded Mercer International Inc MERC from "strong buy" to "outperform." MERC's shares closed at $5.35 yesterday. MERC's earnings are likely to drop by 56.40% in the next year. More Analyst Ratings here