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Equities Research Analysts’ downgrades for Thursday, February 13th:

Annies (NASDAQ:BNNY) was downgraded by analysts at TheStreet from a hold rating to a sell rating. The analysts wrote, “Annie’s (BNNY) has been downgraded by TheStreet Ratings from hold to sell. The company’s weaknesses can be seen in multiple areas, such as its premium valuation, weak operating cash flow and relatively poor performance when compared with the S&P 500 during the past year.”

Calix (NASDAQ:CALX) was downgraded by analysts at TheStreet from a hold rating to a sell rating. The analysts wrote, “Calix (CALX) has been downgraded by TheStreet Ratings from hold to sell. Among the areas we feel are negative, one of the most important has been a generally disappointing historical performance in the stock itself.”

Gas Natural (NASDAQ:EGAS) was downgraded by analysts at Credit Suisse from a neutral rating to an underperform rating.

Entergy Corp. (NYSE:ETR) was downgraded by analysts at TheStreet from a buy rating to a hold rating. The analysts wrote, “Entergy (ETR) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity.”

Triple-S Management Corp. (NYSE:GTS) was downgraded by analysts at TheStreet from a buy rating to a hold rating. The analysts wrote, “Triple-S Management Corporation (GTS) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, disappointing return on equity and a generally disappointing performance in the stock itself.”

Huntsman Corp. (NYSE:HUN) was downgraded by analysts at TheStreet from a buy rating to a hold rating. The analysts wrote, “Huntsman Corporation (HUN) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its increase in net income, revenue growth and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, disappointing return on equity and poor profit margins.”

IntercontinentalExchange (NYSE:ICE) was downgraded by analysts at TheStreet from a buy rating to a hold rating. The analysts wrote, “IntercontinentalExchange Group (ICE) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and generally higher debt management risk.”

Netease.com (NASDAQ:NTES) was downgraded by analysts at Morgan Stanley to an overweight rating. The firm currently has $79.00 price target on the stock, up from their previous price target of $77.00. The analysts wrote, “We reiterate OW given its quality game pipeline, attractive valuations and strong cash flow. NetEase is making inroads into mobile games with self-developed and licensed titles. Game out-licensing could turn into a new revenue driver.”

Corporate Office Properties Trust (NYSE:OFC) was downgraded by analysts at Stifel Nicolaus to a buy rating. The firm currently has $30.00 target price on the stock, up from their previous target price of $28.00. The analysts wrote, “Corporate Office Properties Trust (OFC) is a specialized Office REIT focused on developing and leasing space for government and defense contractor tenants near the key facilities for the US Government’s Cyberdefense initiative. Until very recently, OFC had been out of favor despite relatively healthy core operations on concerns the stalemate on Capitol Hill would weigh on growth and tenant demand. We upgraded OFC to Buy late last year on the belief a more collaborative environment in Congress and for the Budget would finally help the shares close their multi-year underperformance gap to REITs. While this outperformance has started, we see more ahead with improvement in leasing, development starts, and Cybersecurity sector growth as catalysts. We reiterate our Buy rating with a $30 PO.”

Dr. Reddy’s Laboratories Limited (NYSE:RDY) was downgraded by analysts at TheStreet from a buy rating to a hold rating. The analysts wrote, “Dr. Reddy Laboratories (RDY) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we find that the company’s profit margins have been poor overall.”

Rio Tinto (NYSE:RIO) was downgraded by analysts at Bank of America from a buy rating to a neutral rating.

Whole Foods Market (NYSE:WFM) was downgraded by analysts at Jefferies Group to a buy rating.

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