Benzinga's Top Downgrades (OI, SVNT, X, SAFM)

Owens-Illinois Inc 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 SVNT from "outperform" to "market perform." SVNT's shares dipped 2.07% to $20.36 at 11:30 am. SVNT's sales have fallen by 45.64% in the past five years. United States Steel Corporation X was downgraded by Longbow from "buy" to "neutral." X's shares dropped 1.25% to $44.87 at 11:33 am. X's earnings are likely to dip by 158.02% in this year. Analysts at JP Morgan downgraded Sanderson Farms Inc SAFM from "overweight" to "neutral." SAFM's shares lost 1.66% to $42.13 at 11:36 am. SAFM's quarterly earnings dropped 25.75% y/y. More Analyst Ratings here Click here to get today's best trading ideas.