Benzinga's Top Downgrades

RBC Capital Markets downgraded Lam Research Corporation LRCX from Sector Perform to Underperform. The price target for Lam Research has been lowered from $76 to $52. Lam Research shares closed at $65.42 on Monday. Analysts at Needham downgraded Teledyne Technologies Incorporated TDY from Buy to Hold. Teledyne Technologies shares closed at $89.85 on Monday. Mizuho Securities downgraded Illumina, Inc. ILMN from Buy to Neutral. Illumina shares closed at $163.50 on Monday. Analysts at Benchmark downgraded EXACT Sciences Corporation EXAS from undefined to Hold. The price target for Exact Sciences has been lowered from $34 to $11. Exact Sciences shares closed at $18.53 on Monday. Analysts at Suntrust Robinson downgraded Concho Resources Inc CXO from Buy to Neutral. The price target for Concho Resources has been lowered from $139 to $115. Concho Resources shares closed at $107.48 on Monday. BMO Capital downgraded Cummins Inc. CMI from Outperform to Market Perform. The price target for Cummins has been lowered from $140 to $110. Cummins shares closed at $111.76 on Monday. Analysts at Stifel Nicolaus downgraded Linn Energy LLC LINE from Buy to Hold. Linn Energy shares closed at $2.99 on Monday. Barclays downgraded Telecom Italia SpA (ADR) TI from Equal-weight to Underweight. Telecom Italia shares closed at $11.92 on Monday. Analysts at Keefe Bruyette & Woods downgraded Heartland Payment Systems, Inc. HPY from Outperform to Market Perform. The price target for Heartland Payment Systems is set to $70. Heartland Payment Systems shares closed at $64.68 on Monday. Analysts at CIBC downgraded CBL & Associates Properties, Inc. CBL from Sector Outperform to Sector Perform. CBL & Associates shares closed at $13.91 on Monday.