Benzinga's Top Downgrades

Analysts at JP Morgan downgraded Box Inc BOX from Overweight to Neutral. The target price for Box has been lowered from $18 to $14. Box shares fell 8.44 percent to $11.71 in pre-market trading. Analysts at Bank of America downgraded Exxon Mobil Corporation XOM from Buy to Neutral. Exxon Mobil shares declined 0.76 percent to $88.56 in pre-market trading. UBS downgraded Franklin Resources, Inc. BEN from Neutral to Sell. Franklin Resources shares dropped 1.42 percent to close at $36.82 on Wednesday. Analysts at Sterne Agee CRT downgraded EMC Corporation EMC from Buy to Neutral. EMC shares fell 0.39 percent to $27.84 in pre-market trading. Canaccord Genuity downgraded Demandware Inc DWRE from Buy to Hold. Demandware shares surged 55.89 percent to close at $74.81 on Wednesday. RBC Capital downgraded Deutsche Bank AG (USA) DB from Outperform to Sector Perform. Deutsche Bank shares gained 1.31 percent to $17.85 in pre-market trading. Analysts at Goldman Sachs downgraded Intuitive Surgical, Inc. ISRG from Buy to Neutral. The target price for Intuitive Surgical has been raised from $633.00 to $674.00. Intuitive Surgical shares fell 0.90 percent to $631.93 in pre-market trading. Citigroup downgraded Progressive Corp PGR from Neutral to Sell. The target price for Progressive has been lowered from $36 to $31. Progressive shares rose 0.30 percent to close at $33.40 on Wednesday. Jefferies downgraded Newmont Mining Corp NEM from Buy to Hold. Newmont Mining shares rose 0.77 percent to close at $32.66 on Wednesday.