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Analysts’ downgrades for Friday, February 14th:

Agnico Eagle Mines (TSE:AEM) was downgraded by analysts at Canaccord Genuity to a hold rating. Canaccord Genuity currently has C$38.50 price target on the stock, up from their previous price target of C$33.50.

Bombardier (TSE:BBD.B) was downgraded by analysts at BMO Capital Markets from an outperform rating to a market perform rating. The firm currently has C$4.00 target price on the stock, down from their previous target price of C$6.00.

Cognex Corp. (NASDAQ:CGNX) was downgraded by analysts at Credit Agricole from an outperform rating to an underperform rating.

Chegg (NASDAQ:CHGG) was downgraded by analysts at Bank of America from a buy rating to a neutral rating. The firm currently has $8.00 price target on the stock.

CONMED Corp. (NASDAQ:CNMD) was downgraded by analysts at Ladenburg Thalmann from a buy rating to a neutral rating. The firm currently has $51.75 price target on the stock, up from their previous price target of $42.00.

Healthways (NASDAQ:HWAY) was downgraded by analysts at Dougherty & Co from a buy rating to a neutral rating.

Kforce (NASDAQ:KFRC) was downgraded by analysts at TheStreet from a buy rating to a hold rating. The analysts wrote, “Kforce (KFRC) 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 solid stock price performance. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and poor profit margins.”

Manning & Napier (NYSE:MN) was downgraded by analysts at Stifel Nicolaus from a hold rating to an underperform rating. Stifel Nicolaus currently has $18.00 price target on the stock, up from their previous price target of $17.00. The analysts wrote, “We see MN as an attractive franchise with a distinct investment culture and approach, but we are cautious due to recent outflows and performance challenges. While it has grown AUM rapidly in the last five years, recent outflows remain a risk. Key positives include strong long-term investment performance and a longstanding separate accounts business with high (90%+) account retention. In addition, MN has above-average fees and margins, the latter helped by flexible compensation.”

Petra Diamonds Limited (LON:PDL) was downgraded by analysts at Westhouse Securities to an add rating. They currently have GBX 170 ($2.79) price target on the stock, up from their previous price target of GBX 150 ($2.46).

Primero Mining Corp. New (NYSE:PPP) was downgraded by analysts at Cantor Fitzgerald from a buy rating to a hold rating.

Skechers USA (NYSE:SKX) was downgraded by analysts at TheStreet from a buy rating to a hold rating. The analysts wrote, “Skechers USA (SKX) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and revenue growth. However, as a counter to these strengths, we find that the company’s return on equity has been disappointing.”

TIM Participacoes SA (NYSE:TSU) was downgraded by analysts at Stifel Nicolaus to an equal weight rating. Stifel Nicolaus currently has $26.00 price target on the stock. The analysts wrote, “EBITDA of R$1.50bn (+5% y/y) beat our estimate of R$1.36bn by 11% and consensus by 7%. Relative to our estimates, the upside came from lower costs, as revenues missed MSe and consensus by 3%. EPADR of US$0.45 easily beat our US$0.33 estimate. Consensus was US$0.40. Pre-tax income was 22% better than expected, but lower-than-expected taxes also contributed to the strong bottom line.”

Vishay Precision Group (NYSE:VPG) was downgraded by analysts at TheStreet from a buy rating to a hold rating. The analysts wrote, “Vishay Precision Group (VPG) 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 good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company’s earnings per share.”

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