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Equities Research Analysts’ downgrades for Wednesday, June 11th:

Alere (NYSE:ALR) was downgraded by analysts at Zacks from a neutral rating to an underperform rating. Zacks currently has $34.50 target price on the stock.

B/E Aerospace (NASDAQ:BEAV) was downgraded by analysts at Morgan Stanley to an overweight rating. The firm currently has $105.00 price target on the stock. The analysts wrote, “Since ‘strategic alternatives’ speculation began many have argued that they fail to see the merits of spinning off the ‘Services’ business given that comparable companies trade at discounts to BEAV. “We’ve argued that (A) the market meaningfully under-appreciates BEAV’s growth profile and (B) the value of a spinoff is that it raises the probability of a future deal with the value creation coming from deal premium rather than SOP financial engineering – both of which we feel were supported by today’s disclosures. Surprisingly – since BEAV postponed its May 5th investor meeting and began exploring strategic alternatives, the stock is up only 5.8% as of Tues. vs. the DJ A&D index’s 4.2% increase despite BEAV’s beta to the industry as well as material, EPS accretive announcements during this time.”

Boardwalk REIT (TSE:BEI.UN) was downgraded by analysts at Raymond James from a strong-buy rating to an outperform rating.

Cardinal Health (NYSE:CAH) was downgraded by analysts at Zacks from an outperform rating to a neutral rating. They currently have $74.00 target price on the stock. Zacks’ analyst wrote, “Cardinal Health topped the Zacks Consensus Estimate by a penny despite a 15.8% fall in fiscal-2014 third quarter earnings due to a 12.7% decline in revenues to $21,427 million. The company’s performance in the Pharmaceutical segment was disappointing as its revenues ebbed 15.0% due to the expiration of the contract with Walgreens Co. However, the problem of client and supplier concentration and reliance on group purchasing organizations is partly mitigated through long-term contracts. The company’s leverage position has also improved. As such, we downgrade our recommendation to Neutral from Outperform and set a target price of $74.00.”

Calloway Real Estate Investment Trust (TSE:CWT.UN) was downgraded by analysts at Raymond James from an outperform rating to a market perform rating.

Drdgold Limited (NYSE:DRD) was downgraded by analysts at TheStreet from a hold rating to a sell rating. The analysts wrote, “DRDGold (DRD) has been downgraded by TheStreet Ratings from hold to sell. The company’s weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, poor profit margins and weak operating cash flow.”

Francesca's Holdings Corp (NASDAQ:FRAN) was downgraded by analysts at Avondale Partners from an outperform rating to a market perform rating.

Greenhill & Co. (NYSE:GHL) was downgraded by analysts at Zacks from a neutral rating to an underperform rating. They currently have $46.80 target price on the stock.

Golden Queen Mining (TSE:GQM) was downgraded by analysts at M Partners from a buy rating to a hold rating. The firm currently has C$1.70 target price on the stock.

Grifols, S.A. – American Depositary (NASDAQ:GRFS) was downgraded by analysts at Zacks from an outperform rating to a neutral rating. Zacks currently has $49.40 target price on the stock.

InterRent REIT (FRA:IBVA) was downgraded by analysts at Raymond James from a strong-buy rating to an outperform rating.

JA Solar Holdings Co., Ltd. (NASDAQ:JASO) was downgraded by analysts at TheStreet from a hold rating to a sell rating. The analysts wrote, “JA Solar Holdings Co ADR (JASO) has been downgraded by TheStreet Ratings from hold to sell. Among the areas we feel are negative, one of the most important has been poor profit margins.”

Jos. A. Bank Clothiers (NASDAQ:JOSB) was downgraded by analysts at TheStreet from a buy rating to a hold rating. The analysts wrote, “Jos A Bank Clothiers (JOSB) 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 expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow.”

Key Technology (NASDAQ:KTEC) was downgraded by analysts at Sidoti from a buy rating to a neutral rating.

Montage Technology Group (NASDAQ:MONT) was downgraded by analysts at Wells Fargo & Co. from an outperform rating to a market perform rating.

Montage Technology Group (NASDAQ:MONT) was downgraded by analysts at Chardan Capital from a buy rating to a neutral rating.

NGL Energy Partners (NYSE:NGL) was downgraded by analysts at Zacks from a neutral rating to an underperform rating. The firm currently has $41.50 price target on the stock.

OraSure Technologies (NASDAQ:OSUR) was downgraded by analysts at TheStreet from a hold rating to a sell rating. The analysts wrote, “OraSure Technologies (OSUR) has been downgraded by TheStreet Ratings from hold to sell. The area that we feel has been the company’s primary weakness has been its feeble growth in its earnings per share.”

Paulson Capital Corp. (NASDAQ:PLCC) was downgraded by analysts at TheStreet from a hold rating to a sell rating. The analysts wrote, “Paulson Capital (PLCC) has been downgraded by TheStreet Ratings from hold to sell. The company’s weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income and disappointing return on equity.”

Pearson PLC (NYSE:PSO) was downgraded by analysts at Goldman Sachs from a neutral rating to a sell rating.

RioCan Real Estate Investment Trust (TSE:REI.UN) was downgraded by analysts at Raymond James from an outperform rating to a market perform rating.

Rexford Industrial Realty (NASDAQ:REXR) was downgraded by analysts at Zacks from an outperform rating to a neutral rating. They currently have $15.90 price target on the stock.

Retractable Technologies (NYSE:RVP) was downgraded by analysts at TheStreet from a hold rating to a sell rating. The analysts wrote, “Retractable Technologies (AMEX:RVP) has been downgraded by TheStreet Ratings from hold to sell. The company’s weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, poor profit margins and weak operating cash flow.”

SLM Corp (NYSE:SLM) was downgraded by analysts at Portales Partners to a sector perform rating.

Bancorp (NASDAQ:TBBK) was downgraded by analysts at Sandler O’Neill from a buy rating to a hold rating.

TransGlobe Energy (NYSE:TGA) was downgraded by analysts at TheStreet from a buy rating to a hold rating. The analysts wrote, “TransGlobe Energy (TGA) 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, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company’s earnings per share, deteriorating net income and disappointing return on equity.”

Transportadora De (NYSE:TGS) was downgraded by analysts at TheStreet from a buy rating to a hold rating. The analysts wrote, “Transportadora de Gas del Sur (TGS) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its solid stock price performance 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 poor profit margins.”

VimpelCom Ltd (NYSE:VIP) was downgraded by analysts at Zacks from a neutral rating to an underperform rating. The firm currently has $8.40 price target on the stock.

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