Benzinga's Top Downgrades

Analysts at Raymond James downgraded Boston Scientific Corporation BSX from Outperform to Strong Buy. The price target for Boston Scientific is set to $21. Boston Scientific shares closed at $16.92 on Friday. Barclays downgraded Union Pacific Corporation UNP from Overweight to Equal-Weight. The price target for Union Pacific has been lowered from $108 to $92. Union Pacific shares closed at $91.90 on Friday. RBC Capital downgraded Applied Materials, Inc. AMAT from Sector Perform to Underperform. The price target for Applied Materials has been lowered from $16 to $12. Applied Materials shares closed at $14.94 on Friday. Analysts at Goldman Sachs downgraded Viacom, Inc. VIAB from undefined to Neutral. The price target for Viacom has been lowered to $46. Viacom shares closed at $44.33 on Friday. Analysts at Deutsche Bank downgraded Freeport-McMoRan Inc FCX from Buy to Hold. The price target for Freeport-McMoRan has been lowered from $17 to $11. Freeport-McMoRan shares closed at $10.62 on Friday. Barclays downgraded Norfolk Southern Corp. NSC to Underweight. The price target for Norfolk Southern has been lowered to $76. Norfolk Southern shares closed at $79.01 on Friday. Analysts at Raymond James downgraded First Defiance Financial FDEF from Outperform to Market Perform. First Defiance Financial shares closed at $37.28 on Friday. Piper Jaffray downgraded FireEye Inc FEYE from Overweight to Neutral. The price target for FireEye has been lowered from $60 to $37. FireEye shares closed at $33.06 on Friday. Analysts at RBC Capital downgraded Lam Research Corporation LRCX from Sector Perform to Underperform. The price target for Lam Research has been lowered from $76 to $52. Lam Research shares closed at $65.68 on Friday. Analysts at Deutsche Bank downgraded AK Steel Holding Corporation AKS from Buy to Hold. The price target for AK Steel has been lowered from $6 to $3. AK Steel shares closed at $2.56 on Friday.