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Research Analysts’ downgrades for Wednesday, August 13th:

Advanced Micro Devices (NYSE:AMD) was downgraded by analysts at Zacks from an outperform rating to a neutral rating. They currently have $4.25 target price on the stock. Zacks’ analyst wrote, “AMD is the second largest producer of microprocessors, GPUs and chipsets in the world. Its second-quarter earnings were below the Zacks Consensus Estimate by a penny on weak consumer PC market. Forward guidance also disappointed due lower-than-expected computer and gaming sales. However, the company’s new products, strength in graphics, increased game console wins, manufacturing process advancements and position in China remain positives. Though Intel remains a strong competitor with superior strategy and technological prowess, AMD has the ability to carve out its own niche. Given the increased risk related to execution of AMD’s turnaround plan we think some caution may be in order. We are lowering our estimates and downgrading the shares to Neutral.”

Black Diamond Group (TSE:BDI) was downgraded by analysts at BMO Capital Markets from an outperform rating to a market perform rating.

Dendreon (NASDAQ:DNDN) was downgraded by analysts at R. F. Lafferty from a buy rating to a neutral rating.

Herbalife (NYSE:HLF) was downgraded by analysts at TheStreet to a hold rating.

Springleaf Holdings (NASDAQ:LEAF) was downgraded by analysts at Raymond James from an outperform rating to a market perform rating.

Perry Ellis International (NASDAQ:PERY) was downgraded by analysts at Sidoti from a buy rating to a neutral rating.

Pure Technologies (TSE:PUR) was downgraded by analysts at Cormark from a buy rating to a market perform rating.

Pure Technologies (TSE:PUR) was downgraded by analysts at Mackie from a buy rating to a hold rating.

Boston Beer (NYSE:SAM) was downgraded by analysts at Zacks from an outperform rating to a neutral rating. Zacks currently has $240.00 price target on the stock. Zacks’ analyst wrote, “We are initiating our coverage on Boston Beer with a long-term Neutral recommendation. We remain impressed with the company’s consistent focus on brand building and efforts to include new products in its beer business, which are key growth drivers for the stock. The company recently concluded its second-quarter 2014 wherein it’s top and bottom line registered a year over year growth of above 28% and 29%, respectively as well as surpassed the Zacks Consensus Estimates. Robust quarterly performance helped the company to remain optimistic about fiscal 2014 despite a sluggish economic recovery as well as cautious consumer environment. However, we are slightly cautious over the stock’s future performance due to stiff competition and risks arising from operating in the overseas markets. Furthermore, we are concerned about its premium valuation which limits its upside potential.”

Stoneridge (NYSE:SRI) was downgraded by analysts at TheStreet to a hold rating.

Synacor (NASDAQ:SYNC) was downgraded by analysts at Albert Fried & Company from an overweight rating to a market perform rating.

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