Share on StockTwits

Analysts’ downgrades for Wednesday, August 27th:

Alcatel Lucent SA (NYSE:ALU) was downgraded by analysts at Zacks from a neutral rating to an underperform rating. The firm currently has $3.00 target price on the stock. Zacks’ analyst wrote, “Alcatel-Lucent is a leading networking and communications technology company. We are downgrading our recommendation on Alcatel-Lucent to Underperform from Neutral with a target price of $3.00. Alcatel-Lucent reported soft second-quarter results owing to weakness in the global market conditions, especially in North America. The ongoing restructuring activities are also affecting its bottom line at present. Moreover, the highly competitive nature of the telecom industry and the changing regulations and standards also remain matters of concern. However, the company has been benefiting from growth in IP and LTE technology, and its financial position is also improving owing to the effectiveness of the Shift Plan.”

Argos Therapeutics (NASDAQ:ARGS) was downgraded by analysts at Zacks to a neutral rating. The firm currently has $9.00 target price on the stock.

Biglari Holdings (NYSE:BH) was downgraded by analysts at TheStreet to a hold rating.

Cubic (NYSE:CUB) was downgraded by analysts at Zacks from a neutral rating to an underperform rating. The firm currently has $43.20 price target on the stock.

Echo Global Logistics (NASDAQ:ECHO) was downgraded by analysts at Zacks from an outperform rating to a neutral rating. They currently have $26.80 target price on the stock.

Federation Centres (ASX:FDC) was downgraded by analysts at Deutsche Bank from a buy rating to a hold rating. The firm currently has $2.65 target price on the stock.

Genuine Parts Company (NYSE:GPC) was downgraded by analysts at SunTrust from a buy rating to a neutral rating. SunTrust currently has $92.00 price target on the stock, down from their previous price target of $100.00.

Intuit (NASDAQ:INTU) was downgraded by analysts at Zacks from a neutral rating to an underperform rating. The firm currently has $80.60 price target on the stock.

Ladder Capital Corp (NASDAQ:LADR) was downgraded by analysts at Zacks from a neutral rating to an underperform rating. They currently have $17.80 target price on the stock.

The Men's Wearhouse (NYSE:MW) was downgraded by analysts at Zacks from an outperform rating to a neutral rating. They currently have $61.20 target price on the stock.

RSP Permian (NASDAQ:RSPP) was downgraded by analysts at Zacks from an outperform rating to a neutral rating. They currently have $31.10 price target on the stock.

Silver Standard Resources (NASDAQ:SSRI) was downgraded by analysts at Zacks to an outperform rating. Zacks currently has $9.90 price target on the stock.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.