Benzinga’s Top Downgrades (TEL, EAT, SKM, ABT, ADSK)

Tyco Electronics Ltd TEL was downgraded by Ticonderoga from “buy” to “neutral.” TEL’s shares closed at $28.13 on Friday. Tyco Electronics’ earnings are likely to fall by 314.95% this year. Morgan Stanley downgraded Brinker International Inc Com EAT from “equal weight” to “underweight.” EAT’s shares closed at $17.19 on Friday. Brinker International’s quarterly sales fell 7.84%. Credit Suisse downgraded SK Telecom Co Ltd SKM from “outperform” to “neutral.” SKM’s stock closed at $15.74 on Friday. SK Telecom’s earnings may dip 29.56% this year. Abbott Laboratories ABT has been downgraded by Goldman Sachs from “buy” to “neutral.” ABT closed at $46.53 on Friday. Abbott Laboratories’ quarterly earnings dropped 30.50%. Autodesk Inc ADSK has been downgraded by Goldman Sachs from “conviction buy” to “buy.” ADSK’s shares closed at $27.92 on Friday. Autodesk’s earnings may plummet by 68.68% this year. More Analyst Ratings here