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Stock Analysts’ downgrades for Thursday, August 28th:

American Eagle Outfitters (NYSE:AEO) was downgraded by analysts at Standpoint Research from a buy rating to a hold rating.

BP plc (NYSE:BP) was downgraded by analysts at Morgan Stanley from an equal weight rating to an underweight rating.

Bio-Reference Laboratories (NASDAQ:BRLI) was downgraded by analysts at Bank of America to an underperform rating.

Credit Acceptance Corp. (NASDAQ:CACC) was downgraded by analysts at Bank of America to an underperform rating.

Darden Restaurants (NYSE:DRI) was downgraded by analysts at Bank of America to an underperform rating.

GT Advanced Technologies (NASDAQ:GTAT) was downgraded by analysts at Piper Jaffray from a market perform rating to an underperform rating. The analysts wrote, “We are downgrading GT from Market Perform to Underperform, following the stock’s exceptionally strong YTD gain of 113%. This tactical rating change is not a fundamental statement on either GT’s Apple relationship or its solar opportunities. However, on both fronts, we have a hard time seeing incremental news-flow that would support much upside in the stock. In fact, our bias is to the downside, particularly given valuation that – even on 2016 numbers – looks quite pricey. Bottom line: we think it’s time to take profits.”

J.C. Penney Company (NYSE:JCP) was downgraded by analysts at BTIG Research from a buy rating to a neutral rating. They noted that the move was a valuation call. The analysts noted that the move was a valuation call.

Lululemon Athletica inc. (NASDAQ:LULU) was downgraded by analysts at DA Davidson from a buy rating to a neutral rating. The firm currently has $44.00 price target on the stock, down from their previous price target of $46.00.

Nordea Bank Ab (NASDAQ:NRBAY) was downgraded by analysts at Nordea Equity Research from a neutral rating to an underperform rating.

Tesco Corp. (NASDAQ:TESO) was downgraded by analysts at Deutsche Bank from a buy rating to a hold rating.

Travelers Companies (NYSE:TRV) was downgraded by analysts at Zacks from an outperform rating to a neutral rating. They currently have $99.00 target price on the stock. Zacks’ analyst wrote, “We are downgrading Travelers to Neutral from Outperform given its mixed second quarter results. Earnings missed the Zacks Consensus Estimate and fell year over year but revenues fared well. Higher-than-expected catastrophe losses were largely responsible for the earnings underperformance. Nonetheless, it witnessed written rate gains higher than expected loss cost trends across all segments. It is also worth noting that Travelers’ lower cost, lower-priced Auto insurance product, Quantum 2.0 continues to attract new business. High retention rate, pricing gains, positive renewal rate changes, and a strong capital position that would enhance shareholders’ value are among the positives. The company’s inorganic growth trajectory seems impressive. Additionally, the cost reduction plans are expected to enhance the company’s savings by 2015. “

Xaar plc (LON:XAR) was downgraded by analysts at Investec to a sell rating. They currently have GBX 430 ($7.12) target price on the stock, down from their previous target price of GBX 560 ($9.27).

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