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Analysts’ downgrades for Thursday, January 23rd:

Arch Coal (NYSE:ACI) was downgraded by analysts at Clarkson Capital from a market perform rating to an underperform rating. Clarkson Capital currently has $2.50 price target on the stock.

Akzo Nobel (NASDAQ:AKZOY) was downgraded by analysts at Barclays from an equal weight rating to an underweight rating.

Amphenol Corp. (NYSE:APH) was downgraded by analysts at Cross Research from a buy rating to a hold rating.

Coach (NYSE:COH) was downgraded by analysts at Macquarie from an outperform rating to a neutral rating. Macquarie currently has $50.00 price target on the stock, down from their previous price target of $66.00.

Dick’s Sporting Goods (NYSE:DKS) was downgraded by analysts at Morgan Stanley from an overweight rating to an equal weight rating.

F5 Networks (NASDAQ:FFIV) was downgraded by analysts at Nomura from a buy rating to a neutral rating. The firm currently has $111.00 price target on the stock, up from their previous price target of $100.00.

Hercules Offshore (NASDAQ:HERO) was downgraded by analysts at Capital One Financial Corp. to an overweight rating.

Transocean (NYSE:RIG) was downgraded by analysts at Clarkson Capital to a market perform rating.

Statoil (NYSE:STO) was downgraded by analysts at Swedbank from a buy rating to a neutral rating.

Texas Capital Bancshares (NASDAQ:TCBI) was downgraded by analysts at Sterne Agee from a buy rating to a neutral rating.

TAL Education Group (NYSE:XRS) was downgraded by analysts at Morgan Stanley from an overweight rating to an equal weight rating.

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