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Research Analysts’ downgrades for Thursday, August 14th:

adidas AG (NASDAQ:ADDYY) was downgraded by analysts at Goldman Sachs from a buy rating to a neutral rating.

Drax Group Plc (LON:DRX) was downgraded by analysts at Sanford C. Bernstein to an underperform rating. They currently have GBX 550 ($9.23) price target on the stock.

Freeport-McMoRan (NYSE:FCX) was downgraded by analysts at Stifel Nicolaus from a buy rating to a hold rating.

Fabrinet (NYSE:FN) was downgraded by analysts at B. Riley from a buy rating to a neutral rating. The firm currently has $21.00 price target on the stock, down from their previous price target of $26.50.

Glencore PLC (LON:GLEN) was downgraded by analysts at Credit Suisse to a neutral rating. The firm currently has GBX 380 ($6.37) target price on the stock.

HealthLease Properties Real Estate Inve (TSE:HLP.UN) was downgraded by analysts at CIBC to a sector perform rating. They currently have C$14.20 target price on the stock, up from their previous target price of C$12.00.

HealthLease Properties Real Estate Inve (TSE:HLP.UN) was downgraded by analysts at Canaccord Genuity to a hold rating.

InterMune (NASDAQ:ITMN) was downgraded by analysts at Goldman Sachs from a buy rating to a neutral rating.

Jones Energy (NASDAQ:JONE) was downgraded by analysts at JPMorgan Chase & Co. from an overweight rating to a neutral rating.

Louis Vuitton (NASDAQ:LVMUY) was downgraded by analysts at Goldman Sachs from a buy rating to a neutral rating.

MBAC Fertilizer Corp. (TSE:MBC) was downgraded by analysts at Canaccord Genuity to a hold rating. They currently have C$0.30 price target on the stock, down from their previous price target of C$1.05.

MBAC Fertilizer Corp. (TSE:MBC) was downgraded by analysts at Paradigm Capital to a buy rating. Paradigm Capital currently has C$0.90 price target on the stock, down from their previous price target of C$1.75.

The Madison Square Garden (NYSE:MSG) was downgraded by analysts at Topeka Capital Markets from a buy rating to a hold rating. They currently have $63.00 price target on the stock, down from their previous price target of $67.00.

Qualys (NASDAQ:QLYS) was downgraded by analysts at RBC Capital from an outperform rating to a sector perform rating. They currently have $30.00 target price on the stock.

Seaworld Entertainment (NASDAQ:SEAS) was downgraded by analysts at Bank of America to a neutral rating.

Seaworld Entertainment (NASDAQ:SEAS) was downgraded by analysts at Wells Fargo & Co. from an outperform rating to a market perform rating.

Theravance Biopharma (NASDAQ:TBPH) was downgraded by analysts at Robert W. Baird from a neutral rating to an underperform rating. The firm currently has $21.00 target price on the stock.

URS Corp (NYSE:URS) was downgraded by analysts at Sterne Agee from a buy rating to a neutral rating.

ViaSat (NASDAQ:VSAT) was downgraded by analysts at Oppenheimer from an outperform rating to a market perform rating. They currently have $62.00 target price on the stock.

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