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Stock Analysts’ downgrades for Tuesday, September 2nd:

Aker Solutions Asa (NASDAQ:AKKVY) was downgraded by analysts at Deutsche Bank to a sell rating.

Cabcharge Australia Limited (ASX:CAB) was downgraded by analysts at Morningstar from a reduce rating. The firm currently has $3.90 price target on the stock.

China Unicom (Hong Kong) Limited (NYSE:CHU) was downgraded by analysts at Macquarie from an outperform rating to a neutral rating.

CONN'S (NASDAQ:CONN) was downgraded by analysts at Piper Jaffray from an overweight rating to a neutral rating.

Cemex SAB de CV (NYSE:CX) was downgraded by analysts at BNP Paribas from a neutral rating to an underperform rating.

Exelixis (NASDAQ:EXEL) was downgraded by analysts at Piper Jaffray from an overweight rating to a neutral rating.

Energy XXI (Bermuda) Limited (NASDAQ:EXXI) was downgraded by analysts at Needham & Company LLC from a buy rating to a hold rating. The analysts wrote, “With fiscal 2014 in the books, we’re rolling our NAV forward to fiscal 2015. Unfortunately, the outlook is not as optimistic as we had been forecasting. Not only does the company’s PV-10 imply a lower unit value for its reserves, but a lower production outlook and higher capital spending cause an increase in net debt. As a result, our NAV falls to $18 (from $34). We’re downgrading shares of EXXI to Hold (from Buy) and removing our target price. While the stock has been an underperformer this year (-39% YTD vs. +8% for the EPX), the combination of a rising cost structure, lack of production growth, and above-average debt levels are likely to restrict outperformance in the near-term. Factors that could cause us to reassess our rating include improvements in its development drilling program, reductions in leverage, and/or success from its exploration initiatives.”

Energy XXI (Bermuda) Limited (NASDAQ:EXXI) was downgraded by analysts at MLV & Co
from a buy rating to a hold rating.

Lafarge S.A. (NASDAQ:LFRGY) was downgraded by analysts at BNP Paribas from an outperform rating to a neutral rating.

Old Republic International Corp. (NYSE:ORI) was downgraded by analysts at KeyCorp to a hold rating.

Royal Dutch Shell plc (NASDAQ:RDS.A) was downgraded by analysts at Goldman Sachs from a buy rating to a neutral rating.

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