Investment Analysts’ downgrades for Thursday, September 7th:

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) was downgraded by analysts at Scotiabank from an outperform rating to a sector perform rating.

Coeur Mining (NYSE:CDE) was downgraded by analysts at UBS AG from an outperform rating to a market perform rating.

Fred’s (NASDAQ:FRED) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Fred’s has been grappling with losses since last five quarters now. The company incurred narrower-than-expected loss in the second quarter of fiscal 2017, with the top line meeting the Zacks Consensus Estimate. However, sales declined year over year. Moreover, it has been reporting dismal comps since last many quarters, due to the sale of low productive discontinued inventory and headwinds in the consumable categories. Along with these factors, the persistent rise in generic dispensing rate has also hurt comps in the reported quarter. These factors have hurt Fred’s shares, which have underperformed the industry on a year-to-date basis. We note that the loss estimates have also widened in the last seven days. Though management is trying hard to revive its performance by the execution of its turnaround strategy, which is likely to mainly focus on reducing SG&A expenses and driving free cash flow, turnaround might take time.”

Gerdau (NYSE:GGB) was downgraded by analysts at Credit Suisse Group from an outperform rating to a neutral rating.

Lafargeholcim (OTC:HCMLY) was downgraded by analysts at Barclays PLC from an overweight rating to an equal weight rating.

SFR GROUP EUR1 (NASDAQ:NUMCF) was downgraded by analysts at HSBC Holdings plc from a buy rating to a hold rating.

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) was downgraded by analysts at UBS AG from an outperform rating to a market perform rating.

TELE2 AB (NASDAQ:TLTZY) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Tele2 AB provides telecommunication services to residential and business customers. The Company offers mobile services, fixed broadband and telephony, data network services and content services. It operates primarily in Sweden, the Netherlands, Kazakhstan, Croatia, Lithuania, Latvia, Estonia, Austria, Germany and internationally. Tele2 AB is based in Stockholm, Sweden. “

Topcon Corporation (NASDAQ:TOPCF) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Topcon Corporation develops and sells positioning, eye care and smart infrastructure products. Positioning products include GNSS receivers, machine control systems, precision agriculture systems, and IT site management solutions; Eye care products comprise 3D optical coherence tomography systems, retinal cameras, ophthalmic digital image filing systems, auto refractometers/auto kerato-refractometers, slit lamps, computerized tonometers, lens edgers and meters and ophthalmic laser photocoagulators.; infrastructure products consists motorized robotic total stations, imaging stations, mobile mapping systems, 3D laser scanners, data collectors, theodolites, levels/digital levels, self-leveling construction lasers, pipe lasers and asset management systems. Topcon Corporation is headquartered in Tokyo, Japan. “

Trustmark Corporation (NASDAQ:TRMK) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Trustmark Corporation is a multi-bank holding company. Its primary business activities are conducted through its wholly-owned subsidiary, Trustmark National Bank and Trustmark National Bank’s wholly-owned nonbanking subsidiaries, Trustmark Financial Services, Inc. and Trustmark Insurance Agency, Inc. Trustmark National Bank accounts for substantially all of the assets and revenues of the company. “

Generation Next Franchise Brands (OTCMKTS:VEND) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Generation Next Franchise Brands, Inc. is a vending franchisor. The company’s vending machines stocked with tried-and-tested fresh, healthy snack options to serve health-conscious consumers. It operates primarily in the United States, Canada, Puerto Rico and the Bahamas. Generation Next Franchise Brands, Inc., formerly known as Fresh Healthy Vending International, Inc., is based in San Diego, California. “

vTv Therapeutics (NASDAQ:VTVT) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “vTv Therapeutics Inc. is a biopharmaceutical company which is engaged in the discovery and development of orally administered small molecule drug candidates to fill unmet medical needs. Its drug candidate for the treatment of Alzheimers disease includes azeliragon TTP488, which is in Phase III clinical trials; type II diabetes drug candidates include Glucokinase Activator TTP399 and GLP-1r Agonist TTP273 which completed Phase I clinical trials; products for the prevention of muscle weakness and treatment of inflammatory disorders include HPP593, HPP737 and HPP971 which is in Phase1 clinical trials. The Company’s drug discovery platform consists of TTP Translational Technology. vTv Therapeutics Inc. is headquartered in High Point, North Carolina. “

Xenia Hotels & Resorts (NYSE:XHR) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Xenia Hotels & Resorts, Inc. is a self-advised and self-administered REIT. The company invests primarily in premium full service, lifestyle, urban upscale hotels, lodging markets as well as leisure destinations primarily in the United States. Xenia Hotels & Resorts, Inc. is based in Orlando, Florida. “

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