Benzinga's Top Downgrades

Analysts at Morgan Stanley downgraded Nike Inc NKE from Overweight to Equal-weight. The target price for Nike has been lowered from $69 to $60. Nike shares declined 3.48 percent to $53.30 in pre-market trading. UBS downgraded EMC Corporation EMC from Buy to Neutral. EMC shares rose 0.43 percent to close at $27.95 on Tuesday. Analysts at Credit Suisse downgraded Helmerich & Payne, Inc. HP from Neutral to Underperform. The target price for Helmerich & Payne has been raised from $46 to $48. Helmerich & Payne shares rose 0.92 percent to close at $61.15 on Tuesday. Evercore ISI Group downgraded SAP SE (ADR) SAP from Buy to Hold. SAP shares gained 0.01 percent to $81.10 in pre-market trading. BTIG Research downgraded Medtronic PLC MDT from Buy to Neutral and removed the price target of $82.00. Medtronic shares dropped 1.48 percent to close at $80.48 on Tuesday. Analysts at Credit Suisse downgraded Nabors Industries Ltd. NBR from Outperform to Neutral. The target price for Nabors Industries has been lowered from $10 to $9. Nabors Industries shares gained 3.64 percent to close at $9.40 on Tuesday. JP Morgan downgraded Marketo Inc MKTO from Overweight to Neutral. The target price for Marketo has been raised from $30 to $35.25. Marketo shares surged 9.41 percent to close at $35.23 on Tuesday. Analysts at Mizuho Securities downgraded Westar Energy Inc WR from Outperform to Neutral. Westar Energy shares rose 6.44 percent to close at $56.33 on Tuesday. CL King downgraded Krispy Kreme Doughnuts KKD from Buy to Neutral. Krispy Kreme shares slipped 0.05 percent to close at $21.38 on Tuesday.