Benzinga's Top Downgrades (OXY, MERU, ADI, CREE)

Occidental Petroleum Corporation OXY was downgraded by RBC Capital from "outperform" to "sector perform." OXY's shares closed at $103.52 yesterday. Occidental Petroleum's trailing-twelve-month ROA is 9.52%. ThinkEquity downgraded Meru Networks Inc MERU from “buy” to “hold.” MERU's stock closed at $18.87 yesterday. Meru Networks' trailing-twelve-month ROE is -371.16%. Cowen downgraded Analog Devices Inc ADI from “outperform” to “neutral.” ADI's shares closed at $38.50 yesterday. Analog Devices' PEG ratio is 1.61. Analysts at Morgan Stanley downgraded Cree Inc CREE from “equal weight” to “underweight.” CREE's shares closed at $45.68 yesterday. CREE's trailing-twelve-month ROE is 10.21%. More Analyst Ratings here