Benzinga’s Top Downgrades (ASX, SCHW, MDT, KONG)

Advanced Semiconductor Engineering ASX was downgraded by Deutsche Bank from “buy” to “hold.” ASX’s shares closed at $3.68 yesterday. Advanced Semiconductor Engineering’s earnings are likely to fall by 10.00% in the next year. Morgan Stanley downgraded The Charles Schwab Corporation SCHW from "overweight" to "equal weight." SCHW’s shares closed at $13.49 yesterday. Charles Schwab’s quarterly earnings fell 2.93% y/y. UBS downgraded Medtronic Inc MDT from "buy" to "neutral." MDT’s stock closed at $31.87 yesterday. Medtronic’s 52-week trading range is $30.85 - $46.16. KongZhong Corporation KONG was downgraded by Roth Capital from “buy” to “hold.” KONG’s shares closed at $6.04 yesterday. KongZhong’s earnings have fallen by 12.87% in the past 5 years. More Analyst Ratings here