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Investment Analysts’ downgrades for Friday, August 22nd:

Armstrong World Industries (NYSE:AWI) was downgraded by analysts at Zacks from a neutral rating to an underperform rating. The firm currently has $51.00 price target on the stock. Zacks’ analyst wrote, “We are downgrading our recommendation on Armstrong World from Neutral to Underperform with a target price of $51. In the second quarter, the company’s adjusted earnings fell 1% year over year to $0.60 per share impacted by lower volumes and rising lumber costs, partly offset by favorable price and mix. For the third quarter of 2014, the company expects sales to stand between $740?$780 million. Armstrong World trimmed its full-year 2014 guidance based on expectations that both residential and commercial discretionary repair and remodel spend will remain flat to down for the full year. Overall commercial volumes are also expected to be down. Raw material inflation and the underperforming resilient business in Europe also pose concerns for the company.”

Crown Castle International Corp. (NYSE:CCI) was downgraded by analysts at Zacks from a neutral rating to an underperform rating. The firm currently has $73.00 price target on the stock. Zacks’ analyst wrote, “Crown Castle reported second-quarter 2014 financial results wherein the bottom line missed the Zacks Consensus while the top line surpassed the same. Despite an extensive tower portfolio and accelerated 4GLTE network deployment, a highly leveraged balance sheet and the ongoing mergers between large telecom carriers may act as headwinds for the company going forward. Moreover, the stock is overvalued at current levels and is currently trading at a 52-week high price range. Hence, we downgrade our long-term recommendation on Crown Castle from Neutral to Underperform.”

Genworth Financial (NYSE:GNW) was downgraded by analysts at Zacks from a neutral rating to an underperform rating. They currently have $13.00 price target on the stock. Zacks’ analyst wrote, “We are downgrading Genworth to Underperform from Neutral given its second-quarter earnings miss. However, the results fared well over the prior-year quarter courtesy of an improvement in top line and reduction in expenses. Genworth’s mortgage insurance businesses gave solid performances thanks to an improved loss ratio. Long-term care operating performance was weaker than expected. The claims paid exceeded claim reserve releases in the quarter, thus weighing on earnings. Nonetheless, delinquencies also declined from the year-ago level. It expects delinquencies in 2014 to remain flat with the 2013 level. Moreover, a new credit line and redemption of 2015 notes along with an increase in cash balance enhanced Genworth’s financial position. Genworth aims for a leverage of 20% to 22% over the medium term. It expects the U.S. life insurance division earnings to increase 5-10% over 2013. “

Juniper Networks (NYSE:JNPR) was downgraded by analysts at Zacks from an outperform rating to an underperform rating. They currently have $22.00 target price on the stock. Zacks’ analyst wrote, “We downgrade our recommendation on Juniper to an Underperform as it provided tepid third-quarter revenue guidance despite posting year-over-year gains in the second quarter. Delays in large projects from service providers such as AT&T and Verizon are expected to impact revenues in the second half of 2014. Moreover, increasing competition, uncertain economic conditions and constricted federal spending remain the headwinds. Also, the charges related to Juniper’s restructuring initiatives are expected to impact near-term profitability. However, company’s product launches, cost reduction initiatives and improving execution are the positives. Juniper’s expansion into the software defined network segment is expected to strengthen its position in the networking space.”

Miller Energy Resources (NASDAQ:MILL) was downgraded by analysts at Zacks from an outperform rating to a neutral rating. They currently have $5.80 target price on the stock.

Molina Healthcare (NYSE:MOH) was downgraded by analysts at Zacks from an outperform rating to a neutral rating. Zacks currently has $45.00 price target on the stock.

Peregrine Semiconductor Corp (NASDAQ:PSMI) was downgraded by analysts at RBC Capital from an outperform rating to a sector perform rating.

The Pantry (NASDAQ:PTRY) was downgraded by analysts at Sidoti from a buy rating to a neutral rating.

Real Goods Solar (NASDAQ:RGSE) was downgraded by analysts at Zacks from a neutral rating to an underperform rating. The firm currently has $1.70 target price on the stock.

TGC Industries (NYSE:TGE) was downgraded by analysts at Zacks from a neutral rating to an underperform rating. The firm currently has $3.80 target price on the stock.

World Acceptance Corp. (NASDAQ:WRLD) was downgraded by analysts at Sidoti from a buy rating to a neutral rating.

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