Benzinga's Top Downgrades

Analysts at Baird downgraded L Brands Inc LB from Outperform to Neutral. L Brands shares dropped 5.30 percent to $60.40 in pre-market trading. RBC Capital downgraded Lockheed Martin Corporation LMT from Outperform to Sector Perform. Lockheed Martin shares dropped 0.87 percent to $239.45 in pre-market trading. Craig-Hallum downgraded Incontact Inc SAAS from Buy to Hold. inContact shares surged 53.50 percent to close at $13.83 on Wednesday. Analysts at Raymond James downgraded Petroleo Brasileiro SA Petrobras (ADR) PBR from Market Perform to Underperform. Petrobras shares declined 1.93 percent to $6.62 in pre-market trading. Piper Jaffray downgraded Regis Corporation RGS from Neutral to Underweight. Regis shares declined 6.40 percent to $12.73 in pre-market trading. Analysts at Bank of America downgraded Hyatt Hotels Corporation H from Buy to Neutral. Hyatt Hotels shares declined 1.39 percent to close at $46.88 on Wednesday. RBC Capital downgraded Lockheed Martin Corporation LMT from Outperform to Sector Perform. Lockheed Martin shares dropped 0.87 percent to $239.45 in pre-market trading. Goldman Sachs downgraded BankUnited BKU from Buy to Sell. BankUnited shares gained 3.97 percent to close at $33.76 on Wednesday. RBC Capital downgraded Northrop Grumman Corporation NOC from Outperform to Sector Perform. Northrop Grumman shares slipped 0.78 percent to $212.55 in pre-market trading.