Analyst Downgrades: 24 Stocks Receive Negative Rating Changes on August 7, 2015

Strategic Insights -

August 7, 2015 was a significant day for the financial markets, as numerous stocks received downgrades from renowned analysts. The list of downgraded stocks included notable companies such as Google, Intel, and Micron Technology. The downgrades were spread across various sectors, with technology, healthcare, and consumer goods being the most affected.

Key Takeaways:

  • ACADIA Pharmaceuticals (ACAD) was downgraded to Neutral from Overweight at Piper Jaffray.
  • Alpha & Omega (AOSL) was downgraded on weak end markets and negative read-throughs at Stifel.
  • Alnylam Pharmaceuticals (ALNY) was downgraded to Neutral from Overweight at JPMorgan.
  • Avago Technologies (AVGO) was downgraded to Hold from Buy at Drexel Hamilton.
  • Broadcom (BRCM) was downgraded to Neutral from Outperform at Wedbush.
  • Caladrius Biosciences (CLBS) was downgraded to Speculative Hold from Speculative Buy at Benchmark Co.
  • Emerge Energy Services (EMES) was downgraded to Neutral at Baird.
  • Fairchild Semiconductor (FCS) was downgraded to Hold from Buy at Drexel Hamilton.
  • Fluidigm Corporation (FLDM) was downgraded to Neutral from Overweight at Piper Jaffray.
  • Goodrich Petroleum (GDP) was downgraded to In-Line from Outperform at Imperial Capital.
  • Hi-Crush Partners (HCLP) was downgraded to Sector Perform from Outperform at RBC Capital.
  • Iconix Brand Group (ICON) was downgraded to Hold from Buy at Wunderlich.
  • Infineon Technologies (IFNNY) was downgraded to Hold from Buy at Drexel Hamilton.
  • Intel Corporation (INTC) was downgraded to Hold from Buy at Drexel Hamilton.
  • MarkWest Energy Partners (MWE) was downgraded to Neutral from Outperform at Credit Suisse.
  • Markel Corporation (MKL) was downgraded to Sector Perform from Outperform at RBC Capital.
  • Merge Healthcare (MRGE) was downgraded to Hold from Buy at Topeka.
  • Michael Kors Holdings (KORS) was downgraded to Underweight from Neutral at Piper Jaffray.
  • Micron Technology (MU) was downgraded to Hold from Buy at Drexel Hamilton.
  • Mistras Group (MG) was downgraded to Equal Weight from Overweight at Stephens.
  • NeoPhotonics Corporation (NPTN) was downgraded to Neutral from Buy at B. Riley.
  • Noodles & Company (NDLS) was downgraded to Neutral from Overweight at Piper Jaffray.
  • Ophthotech Corporation (OPHT) was downgraded to Sell from Neutral at Goldman Sachs.
  • PGT, Inc. (PGTI) was downgraded to Hold from Buy at Craig-Hallum.
  • PHH Corporation (PHH) was downgraded to Market Perform from Outperform at FBR Capital.
  • Penn Virginia Corporation (PVA) was downgraded to Neutral from Outperform at Credit Suisse.
  • PennyMac Mortgage Investment (PMT) was downgraded to Neutral from Buy at Citi.
  • Sally Beauty Holdings (SBH) was downgraded to Neutral from Buy at B. Riley.
  • Sarepta Therapeutics (SRPT) was downgraded to Neutral from Buy at SunTrust.
  • Shutterstock (SSTK) was downgraded to Hold from Buy at Jefferies.
  • Sprouts Farmers Markets (SFM) was downgraded to Equal Weight from Overweight at Stephens.
  • TCP International Holdings (TCPI) was downgraded to Hold from Buy at Deutsche Bank.
  • Tangoe (TNGO) was downgraded to Hold from Buy at Deutsche Bank.
  • Teradata Corporation (TDC) was downgraded to Neutral at Susquehanna.
  • Texas Instruments (TXN) was downgraded to Hold from Buy at Drexel Hamilton.
  • Ubiquiti Networks (UBNT) was downgraded to Underperform from Market Perform at Raymond James.
  • Viacom (VIAB) was downgraded to Market Perform from Outperform at Wells Fargo.
  • Walker Innovation (PPRO) was downgraded to Neutral from Buy at Ladenburg.
  • Xilinx (XLNX) was downgraded to Hold from Buy at Drexel Hamilton.

Statistics:

  • Total number of downgraded stocks: 24
  • Sectors affected: Technology, Healthcare, Consumer Goods
  • Total market value of downgraded stocks: Not specified
  • Percentage of stocks downgraded: Not specified
  • Date of downgrades: August 7, 2015

Sources:

  • TheFlyOnTheWall.com
  • COMTEX