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Analysts’ downgrades for Tuesday, January 28th:

Entergy Corp. (NYSE:ETR) was downgraded by analysts at Zacks from an outperform rating to a neutral rating. Zacks currently has $64.00 price target on the stock. Zacks’ analyst wrote, “We have downgraded our recommendation on Entergy Corporation to Neutral from Outperform. The downgrade was primarily due to the rejection of the proposed merger, with ITC Holdings Corporation by the Mississippi Public Service Commission (MPSC). Entergy intends to utilize the cash proceeds, worth approximately $1.8 billion, from the transaction to redeem its debt, expand the power generation and distribution businesses and for other corporate purposes. We believe the rejection of the proposed merger will impact the company’s future results. In addition, over-dependence on wholesale power markets and uncertainty on rate relief led us for the downward revision. However, we expect the company’s stable financial position and cost-saving initiatives to boost its future performance.”

Fortis Incorporated (TSE:FTS) was downgraded by analysts at CSFB from an outperform rating to a neutral rating. CSFB currently has C$32.00 target price on the stock, down from their previous target price of C$36.00.

Hewlett-Packard (NYSE:HPQ) was downgraded by analysts at Deutsche Bank to a buy rating.

JPMorgan Chase & Co. (NYSE:JPM) was downgraded by analysts at Mediobanca SpA from an outperform rating to a neutral rating.

L’Oreal (NASDAQ:LRLCY) was downgraded by analysts at Commerzbank AG from a hold rating to a reduce rating.

L'Oreal SA (OTCMKTS:LRLCY) was downgraded by analysts at Commerzbank AG from a hold rating to a reduce rating.

Orange SA (NASDAQ:ORAN) was downgraded by analysts at Kepler Capital Markets from a hold rating to a reduce rating.

Penn National Gaming (NASDAQ:PENN) was downgraded by analysts at Bank of America Corp. from a buy rating to an underperform rating. Bank of America Corp. currently has $10.00 price target on the stock, down from their previous price target of $17.00.

Royal Caribbean Cruises (NYSE:RCL) was downgraded by analysts at Carnegie from a buy rating to a hold rating.

Rogers Sugar (TSE:RSI) was downgraded by analysts at TD Securities from a hold rating to a reduce rating. TD Securities currently has C$5.00 price target on the stock.

Russel Metals (TSE:RUS) was downgraded by analysts at CIBC from an outperform rating to a sector perform rating.

Sierra Wireless (NASDAQ:SWIR) was downgraded by analysts at Cormark to a market perform rating.

Vicwest (TSE:VIC) was downgraded by analysts at Cormark from a buy rating to a market perform rating.

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