Benzinga's Top #PreMarket Losers

Urban Outfitters, Inc. URBN slipped 14.76 percent to $34.71 in pre-market trading after the company reported weaker-than-expected results for the first quarter. Analysts at Oppenheimer downgraded Urban Outfitters from Outperform to Market Perform and lowered the price target from $44.00 to $35.00. Linn Energy LLC LINE fell 7.57 percent to $11.47 in pre-market trading after the company announced a public offering of 16 million units. Dicks Sporting Goods Inc DKS shares declined 5.84 percent to $53.00 in pre-market trading after the company reported in-line Q1 earnings. Vodafone Group Plc (ADR) VOD shares dropped 3.81 percent to $35.12 in pre-market. Vodafone's organic service revenue rose 0.1 percent in the fourth quarter. Achillion Pharmaceuticals, Inc. ACHN shares fell 3.17 percent to $10.68 in pre-market trading after surging 15.26 percent on Monday.