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Analysts’ downgrades for Thursday, August 14th:

Argent Energy Trust (TSE:AET.UN) was downgraded by analysts at Scotiabank from a sector perform rating to an underperform rating. Scotiabank currently has C$2.25 target price on the stock, down from their previous target price of C$4.00.

Bloomin' Brands (NASDAQ:BLMN) was downgraded by analysts at Tigress Financial from a buy rating to a neutral rating.

Buffalo Wild Wings (NASDAQ:BWLD) was downgraded by analysts at Zacks from an outperform rating to a neutral rating. The firm currently has $151.00 price target on the stock. Zacks’ analyst wrote, “Buffalo Wild Wings’ second quarter 2014 adjusted earnings of $1.25 per share beat the Zacks Consensus Estimate by a nickel and were up 42% year over year on the back of solid top-line growth and lower cost of sales. Total revenue increased 20% year over year and also beat the consensus mark by 1.4% driven by strong comps and new unit openings. The company has been consistently posting positive comps for the past two years. Further, we are encouraged by the company’s strong market standing, new menu launches and increased media exposure. Also, its associations with the NCAA and beverage chains increase its visibility as a brand. Despite all these positives, we revert to a Neutral recommendation on Buffalo Wild Wings from Outperform given the rising cost burden on the company. Food, labor and other costs are expected to dampen 2014 earnings. “

Compania Cervecerias Unidas S.A. (NYSE:CCU) was downgraded by analysts at Zacks from a neutral rating to an underperform rating. The firm currently has $20.90 target price on the stock.

Carfinco Financial Group (TSE:CFN.UN) was downgraded by analysts at Cormark from a buy rating to a market perform rating.

Cal Dive International (NYSE:DVR) was downgraded by analysts at Zacks from a neutral rating to an underperform rating. They currently have $0.80 target price on the stock.

HealthLease Properties Real Estate Inve (TSE:HLP.UN) was downgraded by analysts at National Bank Financial from an outperform rating to a tender rating. National Bank Financial currently has C$14.20 target price on the stock, up from their previous target price of C$12.00.

Kindred Healthcare (NYSE:KND) was downgraded by analysts at Zacks from a neutral rating to an underperform rating. They currently have $18.50 target price on the stock.

KP Tissue (TSE:KPT) was downgraded by analysts at TD Securities from a buy rating to a hold rating. The firm currently has C$18.00 price target on the stock.

Meadowbrook Insurance Group (NYSE:MIG) was downgraded by analysts at Zacks from a neutral rating to an underperform rating. Zacks currently has $5.80 price target on the stock.

Nokia Co. (NYSE:NOK) was downgraded by analysts at Zacks from an outperform rating to a neutral rating. They currently have $8.25 price target on the stock. Zacks’ analyst wrote, “Nokia reported mixed financial results for the second quarter of 2014 wherein the bottom line outpaced the Zacks Consensus Estimate while the top line fell below the same. Meanwhile, improved credit ratings, continuous contract wins, aggressive 4GLTE network deployment across China along with higher investments in network restructuring by emerging nations may bolster top-line growth for Nokia. However, stiff competition from large players and currency exchange rate risks continue to pressurize the company’s top line. Over the last year, the stock price of Nokia soared 99% and is presently trading at the higher end of the 52-week price range. We therefore downgrade our long-term recommendation on Nokia from Outperform to Neutral.”

Office Depot (NYSE:ODP) was downgraded by analysts at Zacks from an outperform rating to a neutral rating. They currently have $5.25 price target on the stock. Zacks’ analyst wrote, “Office Depot’s store rationalization drive and subsequent increases in synergies expectations impressed us again. The company expects to generate $100 million in annual savings from store closures, up from $75 million projected earlier. Including these, management has raised merger synergies expectations by another $25 million to $700 million by 2016. The company’s second quarter 2014 results also benefited largely from the merger. Revenues of $3,841 million did surpass the Zacks Consensus Estimate and loss per share of $0.02 came in line. We perceive that though the company efforts in respect of costs containment and enhancing online sales are in the right direction but the secular headwinds in the sector will provide considerable resistance. As evident from the pro forma revenue that slid 2%. Consequently, we downgrade our recommendation on the stock to Neutral.”

Perma-Fix Environmental Services (NASDAQ:PESI) was downgraded by analysts at Zacks from a neutral rating to an underperform rating. The firm currently has $4.00 price target on the stock.

Seaworld Entertainment (NASDAQ:SEAS) was downgraded by analysts at Barclays from an overweight rating to an underweight rating. They currently have $40.00 target price on the stock.

Seaworld Entertainment (NASDAQ:SEAS) was downgraded by analysts at Macquarie from an outperform rating to a neutral rating.

StarTek (NYSE:SRT) was downgraded by analysts at Zacks from a neutral rating to an underperform rating. The firm currently has $6.60 target price on the stock.

Synacor (NASDAQ:SYNC) was downgraded by analysts at Bank of America from an overweight rating to a market perform rating. They currently have $3.50 price target on the stock, down from their previous price target of $5.00. The analysts wrote, “SYNC’s strategic positioning, sticky client base and unique service offering is interesting in our view. Recent changes in Search Industry policies disrupted SYNC’s organic revenue prospects in 2013/14 we think SYNC is still positioning to recover as Apps hubs can create a native platform that extends SYNC beyond on the desktop. Owing to SYNC’s back end billing data we think the Company is well positioned to provide these services but the clock is running.”

Theravance (NASDAQ:THRX) was downgraded by analysts at Robert W. Baird from a neutral rating to an underperform rating.

Wynn Resorts, Limited (NASDAQ:WYNN) was downgraded by analysts at Gabelli from a buy rating to a hold rating.

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