Benzinga’s Top Downgrades

Keefe Bruyette downgraded Platinum Underwriters Holdings Ltd (NYSE: PTP) from "outperform" to "market perform." PTP's shares closed at $42.67 on Friday. Platinum Underwriters' quarterly revenue fell 5.72% y/y. Goldman downgraded Microsoft Corporation (NASDAQ: MSFT) from "buy" to "neutral." MSFT's...

BofA/Merrill downgraded Caterpillar Inc (NYSE: CAT) from "buy" to "neutral." CAT's shares closed at $78.68 yesterday. Caterpillar's earnings are likely to drop by 38.10% this year. JP Morgan downgraded Deere & Company (NYSE: DE) from "overweight" to "neutral." DE's shares closed at $69.78...

Altria Group Inc (NYSE: MO) was downgraded by Deutsche Bank from “buy” to "hold." MO's shares closed at $24.25 yesterday. Altria's sales have dropped by 23.45% in the past five years. Morgan Keegan downgraded Tellabs Inc (NASDAQ: TLAB) from "outperform" to "market perform." TLAB's shares closed at...

AstraZeneca Plc (NYSE: AZN) was downgraded by RBS from “outperform” to "neutral." AZN's shares closed at $52.02 yesterday. AstraZeneca's earnings are likely to dip 2.20% in the next five years. Jefferies downgraded SM Energy Co (NYSE: SM) from "buy" to "hold." SM's shares closed at $37.53 yesterday...

Silver Wheaton Corp (NYSE: SLW) was downgraded by Credit Suisse from “outperform” to "neutral." SLW's shares closed at $26.54 yesterday. Silver Wheaton's earnings are likely to plunge by 79.76% this year. Goldman downgraded KB Home (NYSE: KBH) from "neutral" to "sell." KBH's shares closed at $11.95...

Affymetrix Inc (NASDAQ: AFFX) was downgraded by Piper Jaffray from “overweight” to "neutral." AFFX's shares closed at $4.82 on Friday. Affymetrix's quarterly earnings plunged 175.60% y/y. Goldman downgraded Express Scripts Inc (NASDAQ: ESRX) from "buy" to "neutral." ESRX's shares closed at $49.60...

North American Energy Partners Inc (NYSE: NOA) was downgraded by Raymond James from “outperform” to "market perform." NOA's shares closed at $8.55 yesterday. NOA's quarterly earnings plunged 205.40% y/y. JP Morgan downgraded The Shaw Group Inc (NYSE: SHAW) from "neutral" to "underweight." SHAW's...

Tiffany & Co (NYSE: TIF) was downgraded by Goldman from “neutral” to "sell." TIF's shares closed at $45.56 yesterday. Tiffany's 52-week trading range is $34.95-$51.60. JP Morgan downgraded CGG Veritas (NYSE: CGV) from "overweight" to "neutral." CGV's shares closed at $22.19 yesterday. CGV's...

Sirona Dental Systems Inc (NASDAQ: SIRO) was downgraded by RW Baird from “outperform” to "neutral." SIRO's shares closed at $36.83 yesterday. Sirona's quarterly earnings dipped 20.70% y/y. Credit Suisse downgraded Adobe Systems Incorporated (NASDAQ: ADBE) from "outperform" to "market perform." ADBE...

Owens-Illinois Inc (NYSE: OI) was downgraded by Macquarie from “outperform” to "neutral." OI's shares lost 6.12%% to $27.59 at 11.26 am. OI's earnings are likely to fall by 36.15% in this year. Leerink downgraded Savient Pharmaceuticals Inc (NASDAQ: SVNT) from "outperform" to "market perform." SVNT...

NRG Energy Inc (NYSE: NRG) was downgraded by Deutsche Bank from “hold” to “sell.” NRG's shares closed at $21.54 on Friday. NRG Energy's quarterly earnings fell 48.00% y/y. FBR Capital downgraded BioMed Realty Trust Inc (NYSE: BMR) from "market perform" to "underperform." BMR's stock closed at $18....

Janney Montgomery downgraded International Game Technology (NYSE: IGT) from "buy" to "neutral." IGT's shares closed at $15.10 yesterday. International Game Technology's earnings are likely to fall by 54.15% this year. Macquarie downgraded Massey Energy Company (NYSE: MEE) from "outperform" to "...

Barclays downgraded Lear Corporation (NYSE: LEA) from "overweight" to "equal weight." LEA's shares closed at $73.68 yesterday. Lear's quarterly earnings tumbled 1058.82% y/y. UBS downgraded Net Servicos de Comunicacao SA (NASDAQ: NETC) from "neutral" to "sell." NETC's stock closed at $13.02...

Nokia Corporation (NYSE: NOK) was downgraded by Citigroup from “hold” to “sell.” NOK's shares closed at $9.94 yesterday. Nokia's earnings are likely to fall by 77.30% this year. Macquarie downgraded Apartment Investment and Management Co (NYSE: AIV) from "outperform" to "neutral." AIV's stocks...