Benzinga’s Top Downgrades (TSL, MDT, NLY, PEG)

Trina Solar Limited TSL was downgraded by HSBC from “overweight” to “neutral.” TSL’s shares closed at $23.70 yesterday. Trina Solar’s 52-week trading range is $11.69 - $31.18. Wells Fargo Securities downgraded Medtronic Inc MDT from "outperform" to "market perform." MDT’s shares closed at $31.21 yesterday. Medtronic’s quarterly sales increased 9.58% y/y. JMP Securities downgraded Annaly Capital Management Inc NLY from "outperform" to "market perform." NLY’s stock closed at $17.36 yesterday. Annaly Capital Management’s quarterly earnings dipped 136.91% y/y. Public Service Enterprise Group Inc PEG was downgraded by Morgan Stanley from "equal weight" to "underweight." PEG’s shares closed at $32.13 yesterday. Public Service Enterprise Group’s quarterly earnings moved down 28.00% y/y. More Analyst Ratings here