Share on StockTwits

Research Analysts’ downgrades for Friday, May 23rd:

AFLAC (NYSE:AFL) was downgraded by analysts at Barclays from an overweight rating to an equal weight rating. They currently have $67.00 target price on the stock, down from their previous target price of $78.00. The analysts wrote, “We downgrade Aflac to EW from OW because we now expect its operating EPS growth through 2016 (excluding the impact of the yen) to be lower than the life insurance industry median, driven by a lack of margin expansion. We reduce our price target to $67 (9.5x our revised 2016E EPS of $7.00) from $78 (11x our prior 2016E EPS) and lower our EPS estimates. AFL will likely return the majority of annual earnings to shareholders but we anticipate slow EPS growth is unlikely to result in valuation multiple expansion.”

Amira Nature Foods (NYSE:ANFI) was downgraded by analysts at Jefferies Group from a buy rating to a hold rating. Jefferies Group currently has $15.00 target price on the stock, down from their previous target price of $25.00.

Aeropostale (NYSE:ARO) was downgraded by analysts at RBC Capital from an outperform rating to a sector perform rating. RBC Capital currently has $6.00 target price on the stock, down from their previous target price of $14.00.

Bellway plc (LON:BWY) was downgraded by analysts at Westhouse Securities to a neutral rating. The firm currently has GBX 1,411 ($23.73) price target on the stock, down from their previous price target of GBX 1,814 ($30.51).

Canon (NYSE:CAJ) was downgraded by analysts at Credit Suisse to an underperform rating.

China Telecom Co. Limited (NYSE:CHA) was downgraded by analysts at HSBC from an overweight rating to an underweight rating.

China Mobile Ltd. (NYSE:CHl) was downgraded by analysts at HSBC from a neutral rating to an underweight rating.

China Unicom Hong Kong (NYSE:CHU) was downgraded by analysts at HSBC from a neutral rating to an underweight rating.

Covisint Corp (NASDAQ:COVS) was downgraded by analysts at Pacific Crest from an outperform rating to a sector perform rating.

Dairy Crest Group plc (LON:DCG) was downgraded by analysts at Investec to a hold rating. The firm currently has GBX 434 ($7.30) target price on the stock, down from their previous target price of GBX 525 ($8.83).

Gladstone Investment Corp. (NASDAQ:GAIN) was downgraded by analysts at Ladenburg Thalmann from a buy rating to a neutral rating.

The Hain Celestial Group (NASDAQ:HAIN) was downgraded by analysts at Jefferies Group from a buy rating to a hold rating. The firm currently has $97.00 target price on the stock.

Hess Corp. (NYSE:HES) was downgraded by analysts at Clarkson Capital from an outperform rating to a market perform rating.

Intertek Group plc (LON:ITRK) was downgraded by analysts at Numis Securities Ltd to a hold rating. The firm currently has GBX 3,100 ($52.14) price target on the stock, down from their previous price target of GBX 3,782 ($63.62).

Linde Group (NASDAQ:LNEGY) was downgraded by analysts at Goldman Sachs from a buy rating to a neutral rating.

Orange SA (NASDAQ:ORAN) was downgraded by analysts at Societe Generale to a hold rating.

RetailMeNot (NASDAQ:SALE) was downgraded by analysts at Stifel Nicolaus from a buy rating to a hold rating.

Shaftesbury plc (LON:SHB) was downgraded by analysts at HSBC to an underweight rating. HSBC currently has GBX 650 ($10.93) target price on the stock.

Woodside Petroleum (NASDAQ:WOPEY) was downgraded by analysts at JPMorgan Chase & Co. from an overweight rating to a neutral rating.

Woolworths Limited (ASX:WOW) was downgraded by analysts at Deutsche Bank to a hold rating. Deutsche Bank currently has $38.00 target price on the stock. They noted that the move was a valuation call. The analysts noted that the move was a valuation call.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.