Benzinga's Top Downgrades

Analysts at Deutsche Bank downgraded Cisco Systems CSCO from “buy” to “hold.” The target price for Cisco has been lowered from $28 to $25. Cisco's shares closed at $24.00 yesterday. Analysts at JP Morgan downgraded Penn National Gaming PENN from “overweight” to “neutral.” The target price for Penn National Gaming has been lowered from $64 to $15. Penn National Gaming's shares closed at $14.54 yesterday. Analysts at Sterne Agee downgraded lululemon athletica LULU from “buy” to “underperform.” The target price for lululemon athletica is set to $56. lululemon's shares closed at $68.98 yesterday. Goldman Sachs downgraded Telefonica Brasil SA VIV from “buy” to “neutral.” The target price for Telefonica Brasil has been lowered from $26 to $21. Telefonica Brasil's shares closed at $19.41 yesterday.