Analysts’ downgrades for Tuesday, September 20th:

Ascena Retail Group (NASDAQ:ASNA) was downgraded by analysts at Oppenheimer Holdings Inc. from an outperform rating to a market perform rating.

Infoblox (NYSE:BLOX) was downgraded by analysts at Guggenheim from a buy rating to a neutral rating.

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Commerce Bancshares (NASDAQ:CBSH) was downgraded by analysts at Morgan Stanley to an underweight rating.

Chipotle Mexican Grill (NYSE:CMG) was downgraded by analysts at Zacks Investment Research from a hold rating to a strong sell rating. According to Zacks, “Chipotle continues to suffer from the negative publicity surrounding the E. coli and norovirus outbreaks. Sales have taken a severe hit post the outbreak and the company has withdrawn the 2016 comps outlook due to volatile sales trends. Also, estimates have been going down ahead of Chipotle’s third quarter earnings release. Meanwhile, the company has mixed record of earnings surprises in recent quarters. However, Chipotle’s efforts to maintain its market position via expansion plans coupled with various sales and technology driven initiatives may boost results, going forward. Yet, margins are expected to remain under pressure due to higher labor expenses. Chipotle also intends to roll out a number of marketing and promotional activities to bring back customers to its stores. The costs associated with these will continue to impact profitability.”

Encana Corp. (NYSE:ECA) was downgraded by analysts at Scotiabank from a sector perform rating to an underperform rating.

Ford Motor (NYSE:F) was downgraded by analysts at Buckingham Research from a buy rating to a neutral rating. Buckingham Research currently has $12.00 target price on the stock, down from their previous target price of $16.00.

HNI Corp. (NYSE:HNI) was downgraded by analysts at Raymond James Financial Inc. from an outperform rating to a market perform rating.

Inteliquent (NASDAQ:IQNT) was downgraded by analysts at Raymond James Financial Inc. from an outperform rating to a market perform rating.

Sparton Corp. (NYSE:SPA) was downgraded by analysts at CJS Securities to a market perform rating.

Student Transportation (NASDAQ:STB) was downgraded by analysts at Zacks Investment Research from a strong-buy rating to a hold rating. According to Zacks, “Student Transportation Inc. provides school bus transportation services in the United States and Canada. Its services are delivered by drivers, dispatchers, maintenance technicians and terminal managers. Student Transportation Inc., formerly known as Student Transportation of America, Ltd., is based in Barrie, Canada. “

Carrols Restaurant Group (NASDAQ:TAST) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “CARROLS RESTAURANT GROUP, INC., operating through its subsidiaries, including Carrols Corporation, is one of the largest restaurant companies in the United States. The Company operates three restaurant brands in the quick-casual and quick-service restaurant segments with over five hundred company-owned and operated restaurants in 16 states, and several franchised restaurants in the United States, Puerto Rico and Ecuador. Carrols Restaurant Group owns and operates two Hispanic Brand restaurants, Pollo Tropical and Taco Cabana. It is also the largest Burger King franchisee, based on number of restaurants, and has operated Burger King restaurants since 1976. “

TransGlobe Energy (NASDAQ:TGA) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating.

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