Benzinga’s Top Downgrades (ZLC, BARE, KMB, CL, AVP, CREE)

Zale Corporation (NYSE: ZLC) has declined 15.73% to $4.17 in the morning session after Soleil Securities downgraded ZLC to from Hold to Sell with a Price target of $2.50.

Bare Escentuals, Inc. (NASDAQ: BARE) fell 3.90% to $12.80 after Goldman Sachs downgraded Bare Escentuals from Neutral to Sell and also lowered the price target set to $11 from $12. The 52-week trading range for BARE is $2.45 - $14.87.

Kimberly-Clark Corporation (NYSE: KMB) has declined 0.85% to $65.31 after BMO Capital downgraded Kimberly-Clark from Outperform to Market Perform and price target is set to $70. So far in 2009, KMB gained over 23%.

Colgate-Palmolive Company (NYSE: CL) has moved down 1.42% to $84 after BMO Capital downgraded Colgate-Palmolive from Outperform to Market Perform and Price target lowered from $95 to $9. The 52-week trading range for CL is $54.51 - $87.39.

Avon Products, Inc. (NYSE: AVP) fell 1.95% to $34.67 after BMO Capital downgrades Avon Products from Outperform to Market Perform and Price target has been lowered from $43 to $38.

Cree, Inc. (NASDAQ: CREE) declined 1.13% to $51.53. Today, Morgan Keegan downgraded CREE from Outperform to Market Perform. The 52 week trading range for CREE is $12.57 - $51.55.