Benzinga's Top Downgrades

Analysts at Canaccord Genuity downgraded Lloyds Banking Group Plc

from “buy” to “hold.” LYG's shares closed at $2.22 yesterday. Lloyds Banking's trailing-twelve-month profit margin is -43.30%. The Benchmark Company downgraded Rackspace Hosting Inc

from “buy” to “hold.” RAX's shares closed at $36.90 yesterday. Rackspace Hosting's trailing-twelve-month ROA is 7.59%. Analysts at Deutsche Bank downgraded Norfolk Southern Corporation

from “buy” to “hold.” NSC's shares closed at $67.21 yesterday. Norfolk Southern's trailing-twelve-month ROA is 6.40%. Analysts at Jefferies & Company has downgraded Waddell & Reed Financial Inc

from “buy” to “hold.” WDR's shares closed at $24.77 yesterday. Waddell & Reed Financial had $422.61 million in total cash for the recent quarter.