Benzinga’s Top Downgrades (X, NLC, HOS, HWD, NE)

US Steel X was downgraded by Goldman from “conviction buy” to “buy.” Shares of X fell 1.22% to $45.28 by 9:02 am. X’s earnings are expected to fall by 158.02% this year. JP Morgan downgraded Nalco NLC from “overweight” to “neutral.” NLC’s shares rose 0.64% to $22.15 by 9:02 am. NLC has a PEG ratio of 2.81. JP Morgan downgraded Hornbeck Offshore HOS from “overweight” to “neutral.” HOS’ stock climbed 3% to $14.76 by 9:02 am. HOS’ earnings for the latest quarter dropped 90.69% sequentially. Harry Winston HWD has been downgraded by UBS from “buy” to “neutral.” HWD fell 0.84% to $12.98 by 9:02 am. HWD’s earnings are expected to decline by 187.20%. Noble Corp NE was downgraded by Weeden from “buy” to “Hold.” NE’s shares fell 1.46% to $27.73 by 9:02 am. NE’s sales declined 6.17% sequentially. To see more trading ideas, click here.