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Research Analysts’ downgrades for Tuesday, August 26th:

Adelaide Brighton (ASX:ABC) was downgraded by analysts at Credit Suisse to an underperform rating. They currently have $3.55 price target on the stock, down from their previous price target of $3.60.

Arcos Dorados Holding (NASDAQ:ARCO) was downgraded by analysts at Bank of America from a buy rating to a neutral rating. The firm currently has $8.00 price target on the stock, down from their previous price target of $14.00.

Bancolombia SA (NYSE:CIB) was downgraded by analysts at HSBC from a neutral rating to an underweight rating.

Companhia Energetica Minas Gerais (NYSE:CIG) was downgraded by analysts at JPMorgan Chase & Co. from a neutral rating to an underweight rating.

InterMune (NASDAQ:ITMN) was downgraded by analysts at JPMorgan Chase & Co. from an overweight rating to a neutral rating. JPMorgan Chase & Co. currently has $74.00 price target on the stock.

InterMune (NASDAQ:ITMN) was downgraded by analysts at JMP Securities from an outperform rating to a market perform rating.

Qihoo 360 Technology Co (NASDAQ:QIHU) was downgraded by analysts at Credit Suisse from an outperform rating to a neutral rating.

Sands China (NASDAQ:SCHYY) was downgraded by analysts at Morgan Stanley from an overweight rating to an equal weight rating.

Simon Property Group (NYSE:SPG) was downgraded by analysts at BMO Capital Markets from an outperform rating to a market perform rating.

Tim Hortons (NYSE:THI) was downgraded by analysts at Longbow Research from a buy rating to a neutral rating.

Tim Hortons (NYSE:THI) was downgraded by analysts at Desjardins to a hold rating.

Tim Hortons (NYSE:THI) was downgraded by analysts at Desjardins Capital from a buy rating to a hold rating.

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