Equities Research Analysts’ downgrades for Thursday, July 6th:

American International Group (NYSE:AIG) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “AIG recently appointed its new CEO, who we believe will speed up turnaround activities at the company. The company has been taking up several measures like strategic divestitures, asset sales, increase in share buybacks, dividend hikes, personnel changes, cost control, reinsurance deals, and lowering of hedge fund investments in order to deliver better earnings result by curbing the probable volatilities. Though some of these efforts have paid off to some extent a lot more reforms are required for a turnaround. The company's commercial lines business has also been underperforming. Regulatory uncertainty and exposure to catastrophes are other headwinds. Shares of the company have underperformed its sector year to date.”

Frontier Communications Corporation (NASDAQ:FTR) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “We are impressed with the company's focus to rake in more profits through customer retention, market share gain, new product introductions, broadband expansion and improved sales and marketing initiatives. The company is trying to derive benefits from the growing Business Service Segment. Meanwhile, foraying into North Carolina through the rollout of ‘Vantage TV’ IPTV and broadband services also bode well. Howover, the company continues to suffer from the loss of legacy fixed telephony business to wireless and decline in access lines and wireless backhaul revenues due to customer migration to Ethernet solutions at lower price points. Reports about outages, bad telephone service and problems with billing have sprouted. Over the past three months, the stock price moved down 43.69% compared with the Zacks Wireless–Regional (Rural) industry's 22.16% fall.”

Ruth’s Hospitality Group (NASDAQ:RUTH) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Ruth’s Chris Steak House, Inc. is one of the largest upscale steak house companies in the U.S. Ruth’s Chris specializes in USDA Prime grade steaks served in Ruth’s Chris signature fashion – sizzling and topped with seasoned butter. “

Sally Beauty Holdings (NYSE:SBH) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “SALLY BEAUTY HOLDING INC is an international specialty retailer and distributor of professional beauty supplies with revenues of more than $2.5 billion annually. Through they Supply and Beauty Systems Group businesses, the Company sells and distributes through over 3,500 stores, including approximately 200 franchised units, throughout the United States, the United Kingdom, Canada, Puerto Rico, Mexico, Japan, Ireland, Spain and Germany. “

Sandvik AB (NASDAQ:SDVKY) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Sandvik is a high-technology, engineering group with advanced products and a world-leading position within selected areas. Worldwide business activities are conducted through representation in 130 countries. “

SemGroup Corp (NASDAQ:SEMG) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “SemGroup Corp provides gathering, transportation, storage, distribution, blending, marketing and other midstream services to producers, refiners of petroleum products and others market participants located in Midwest and Rocky Mountain regions of the United States of America. The Company operates in the pipeline gathering and processing segments of the natural gas midstream industry in the U.S. and Canada. It conducts its business through seven business segments- SemCrude, SemStream, SemLogistics, SemMexico, SemCanada Crude, SemGas and SemCAMS. Its asset base includes pipelines, gathering systems, storage facilities, terminals, processing plants, blending facilities and other distribution assets. It also maintains and operates storage, terminal and marine facilities in the U.K. and operates a network of liquid asphalt cement terminals throughout Mexico. SemGroup Corp is headquartered in Tulsa, Oklahoma. “

Sky Solar Holdings (NASDAQ:SKYS) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Sky Solar Holdings, Ltd. is a global independent power producer. It develops, owns and operates solar parks. The Company is focused on the downstream solar market and has developed projects in Asia, South America, Europe, North America and Africa. It also sells solar energy systems, including pipelines to utility companies, independent power developers and producers, commercial and industrial companies, and other solar energy system owners. The Company is involved in the engineering design; construction contracting and management; and procurement of PV modules, balance-of-system components, and other components, as well as building and transferring solar parks. Sky Solar Holdings, Ltd. is based in Central, Hong Kong. “

Intrawest Resorts Holdings (NYSE:SNOW) was downgraded by analysts at Zacks Investment Research from a strong-buy rating to a hold rating. According to Zacks, “Intrawest Resorts Holdings, Inc. operates as a mountain resort and adventure company which delivers vacation and travel experiences to its customers. The company also involved in adventure travel business as well as real estate business, through which it manages, markets and sells vacation club properties; manages condominium hotel properties; sells and markets residential real estate. Intrawest Resorts Holdings, Inc. is headquartered in Denver, Colorado. “

SPX (NASDAQ:SPXC) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “SPX Corporation is a provider of technical products and systems, industrial products and services, service solutions and vehicle components. These products are primarily sold to customers throughout North America and Europe. As a global multi-industry company, SPX is focused on profitably growing businesses that have scale and growth potential. These businesses are grouped into four different segments: Technical Products and Systems, Industrial Products and Services, Flow Technology and Service Solutions. “

Student Transportation (NASDAQ:STB) (TSE:STB) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell 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. “

Sierra Wireless (NASDAQ:SWIR) (TSE:SW) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Sierra Wireless, Inc. is a leading provider of wireless data communications products. The company delivers wireless PC Cards for portable computers, wireless adapters for PDA’s, OEM modules for embedded applications and rugged vehicle-mounted wireless systems. The company is the founding member of the WirelessReady Alliance, an alliance of industry-leading hardware, software and service companies committed to the delivery of complete and compelling wireless data solutions. “

Del Taco Restaurants (NASDAQ:TACO) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Del Taco is the second largest Mexican-American QSR chain by units in the United States, serving more than three million guests each week. At Del Taco, menu items are made to order with fresh ingredients, including Cheddar cheese grated from 40-pound blocks, handmade pico de gallo salsa, lard-free beans slow-cooked from scratch, and marinated chicken grilled in the restaurant. The menu includes classic Mexican dishes such as tacos, burritos, quesadillas and nachos as well as American favorites including hamburgers, crinkle-cut fries and shakes. The company was founded on June 30, 2015 and is headquartered in Lake Forest, CA. “

Teligent (NASDAQ:TLGT) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Teligent, Inc. is a specialty generic pharmaceutical company, develops, manufactures and markets topical formulations primarily in the United States. It sells generic pharmaceutical products in topical, injectable, complex and ophthalmic dosage forms. Teligent Inc., formerly known as IGI Laboratories, Inc., is based in Buena, New Jersey. “

Torchmark Corporation (NYSE:TMK) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Shares of Torchmark underperformed the Zacks categorized Life Insurance industry year to date. Also, the company did not witness any earnings momentum for 2017, though 2018 estimates moved down in the last 60 days. Higher administrative expenses, pension costs and investments in IT systems will likely be a drag on Torchmark’s earnings in the near term. Nonetheless, Torchmark’s niche market focus, steady capital deployment and strong operating fundamentals should drive long-term growth. The life insurer estimates life and health sales growth in distribution channels. Also, a strong capital position and robust capital management are key positives. Torchmark expects net operating income between $4.63 per share and $4.77 per share in 2017, life underwriting income to increase between 1% and 3% while health underwriting income to stay flat in 2017.”

Tullow Oil (OTC:TUWLF) was downgraded by analysts at Sanford C. Bernstein from an outperform rating to a mkt perform rating.

Worldpay Grp Plc (OTC:WDDYF) was downgraded by analysts at Keefe, Bruyette & Woods from an outperform rating to a mkt perform rating.

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