Benzinga's Top Downgrades

JP Morgan downgraded PulteGroup, Inc. PHM from Overweight to Neutral. The target price for PulteGroup has been lowered from $21.50 to $18. PulteGroup shares closed at $17.20 on Monday. Bank of America downgraded Cisco Systems, Inc. CSCO from Buy to Neutral. Cisco shares closed at $28.14 on Monday. Analysts at Morgan Stanley downgraded People's United Financial, Inc. PBCT from Equal-weight to Underweight. The target price for People's United Financial is set to $14.50. People's United Financial shares closed at $16.05 on Monday. Leerink Swann downgraded Bruker Corporation BRKR from Outperform to Market Perform. Bruker shares closed at $29.44 on Monday. Analysts at Goldman Sachs downgraded LPL Financial Holdings Inc LPLA from Neutral to Sell. The target price for LPL Financial has been raised from $19 to $21. LPL Financial shares closed at $24.99 on Monday. Analysts at RBC Capital downgraded Ruckus Wireless Inc RKUS from Outperform to Sector Perform. Ruckus Wireless shares closed at $13.24 on Monday. Analysts at Credit Suisse downgraded ADT Corp ADT from Outperform to Neutral. The target price for ADT is set to $42. ADT shares closed at $41.29 on Monday. BMO Capital downgraded Fifth Third Bancorp FITB from Outperform to Market Perform. Fifth Third Bancorp shares closed at $16.75 on Monday. Analysts at BB&T Capital downgraded Hormel Foods Corp HRL from Hold to Underweight. Hormel Foods shares closed at $43.54 on Monday. Analysts at Oppenheimer downgraded Capital One Financial Corp. COF from Perform to Underperform. Capital One Financial shares closed at $69.83 on Monday.