Benzinga's Top Downgrades

Axiom Capital downgraded SolarCity Corp SCTY from Hold to Sell. SolarCity shares fell 1.36 percent to $19.55 in pre-market trading.
Baird downgraded Bank of America Corp BAC from Outperform to Neutral. Bank of America shares dropped 1.24 percent to $19.91 in pre-market trading.
Credit Suisse downgraded Lululemon Athletica inc. LULU from Outperform to Neutral. The price target for lululemon athletica has been lowered from $76 to $53. lululemon athletica shares fell 2.31 percent to $55.50 in pre-market trading.
Bernstein downgraded Zions Bancorp ZION from Outperform to Market Perform. The price target for Zions Bancorporation has been raised from $37 to $38. Zions Bancorporation shares fell 2.22 percent to $37.90 in pre-market trading.
Analysts at Morgan Stanley downgraded Teva Pharmaceutical Industries Ltd (ADR) TEVA from Overweight to Equal-Weight. The price target for Teva has been lowered from $63 to $42. Teva shares rose 0.13 percent to $37.65 in pre-market trading.
KeyBanc downgraded American Axle & Manufact. Holdings, Inc. AXL from Overweight to Sector Weight. American Axle shares rose 4.28 percent to close at $15.11 on Tuesday.
Analysts at Stephens & Co. downgraded Cheesecake Factory Inc CAKE from Overweight to Equal-Weight. Cheesecake Factory shares dropped 3.29 percent to close at $58.17 on Tuesday.
Piper Jaffray downgraded U.S. Bancorp USB from Overweight to Neutral. U.S. Bancorp shares fell 0.35 percent to $48.53 in pre-market trading.
Analysts at BMO Capital downgraded Nokia Corp (ADR) NOK from Outperform to Market Perform. Nokia shares fell 0.97 percent to $4.10 in pre-market trading.
Analysts at Barclays downgraded Level 3 Communications, Inc. LVLT from Overweight to Equal-Weight. Level 3 Communications shares rose 1.42 percent to close at $54.88 on Tuesday.