Benzinga's Top Downgrades

Analysts at Raymond James downgraded Caterpillar CAT from “outperform” to “market perform.” The target price for Caterpillar has been lowered from $93.75 to $89. Caterpillar's shares closed at $83.76 yesterday. Analysts at Deutsche Bank downgraded Panera Bread Company PNRA from “buy” to “hold.” The target price for Panera Bread has been lowered from $185 to $145. Panera Bread's shares closed at $153.15 yesterday. Analysts at JP Morgan downgraded CF Industries Holdings CF from “overweight” to “neutral.” The target price for CF Industries is set to $210. CF's shares closed at $212.55 yesterday. Keefe Bruyette & Woods downgraded Prosperity Bancshares PB from “outperform” to “market perform.” Prosperity Bancshares' shares closed at $64.02 yesterday.