Investment Analysts’ downgrades for Wednesday, October 11th:

Magic Software Enterprises (NASDAQ:MGIC) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Magic Software Enterprises, a member of the Formula Group, develops, markets and supports software development and deployment technology that enables enterprises to accelerate the process of building and deploying applications that can be rapidly customized and integrated with existing systems. Magic technology, applications and professional services are available through a global network of subsidiaries, distributors and Magic solutions partners. (PRESS RELEASE) “

Motorcar Parts of America (NASDAQ:MPAA) was downgraded by analysts at Zacks Investment Research from a strong-buy rating to a sell rating. According to Zacks, “Motorcar Parts of America, Inc. is a manufacturer, remanufacturer and distributor of automotive aftermarket parts, including alternators, starters, wheel hub assembly, brake master cylinders, brake power boosters and turbochargers utilized in imported and domestic passenger vehicles, light trucks and heavy-duty applications. The Company sells its products in North America to auto parts retail and traditional warehouse chains and to automobile manufacturers for both their aftermarket programs and their warranty replacement programs. It recycles materials, including metal from the used cores and corrugated packaging. The Company carries over a huge stock keeping units (SKUs) for automotive parts that are sold under its customers’ recognized private label brand names and its Quality-Built, Pure Energy, Xtreme, Reliance and other brand names. It sells its products to automotive retail outlets and the professional repair market throughout the United States and Canada. Motorcar is headquartered in Torrance, CA. “

Pagegroup Plc (NASDAQ:MPGPF) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “PageGroup PLC operates as a recruitment consultancy. It provides recruitment services for permanent, contract and temporary staff at clerical and qualified professional and executive levels. PageGroup PLC, formerly known as Michael Page International plc, is based in Weybridge, the United Kingdom. “

Monroe Capital Corporation (NASDAQ:MRCC) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Monroe Capital Corporation is a non-diversified closed-end management investment company focused on providing financing primarily to lower middle-market companies in the United States and Canada. The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation through investments in senior, unitranche and junior secured debt and unsecured debt and equity investments. Monroe Capital Corporation is headquartered in Chicago. “

Merus N.V. (NASDAQ:MRUS) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Merus B.V. is a clinical-stage immuno-oncology company developing bispecific antibody therapeutics, referred to as Biclonics. The company’s bispecific antibody candidate, MCLA-128, is being evaluated in a Phase 1/2 clinical trial as a potential treatment for HER2-expressing solid tumors; MCLA-117, is being developed as a potential treatment for acute myeloid leukemia and MCLA-158, which is designed to bind to cancer stem cells and is being developed as a potential treatment for colorectal cancer and other solid tumors. Merus B.V. is headquartered in Utrecht, the Netherlands. “

Materion Corporation (NYSE:MTRN) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Materion Corporation, formerly known as Brush Engineered Materials Inc., through its wholly-owned subsidiaries is engaged in the production and supply of high-performance engineered materials in the United States and internationally. Products offered by the Company comprise precious and non-precious specialty metals, inorganic chemicals and powders, specialty coatings, specialty engineered beryllium alloys, beryllium and beryllium composites, and engineered clad and plated metal systems. Materion Corporation is headquartered in Mayfield Heights, Ohio. “

MyoKardia (NASDAQ:MYOK) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “MyoKardia, Inc. is a biopharmaceutical company. The company focuses on discovering, developing, and commercializing therapies for the treatment of serious and neglected rare cardiovascular diseases. Its product candidate consists of MYK-461, a small molecule to reduce excessive cardiac muscle contractility leading to hypertrophic cardiomyopathy, DCM-1, treats heritable dilated cardiomyopathy by restoring normal contractility in the diseased DCM heart, HCM-2, a product candidate to reduce cardiac muscle contractility to normal levels in HCM patients and LUS-1, which is intended to counteract a muscle disruption that results in impaired relaxation of the heart, which are in different clinical trial. MyoKardia, Inc. is headquartered in San Francisco, California. “

Norwegian Cruise Line Holdings (NASDAQ:NCLH) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Norwegian Cruise Line is a cruise line operator. It offers cruise itineraries in various locations, including destinations in the Caribbean, Bermuda, the Bahamas, Mexico, Alaska, Europe, Hawaii, New England, Central America, North Africa, and Scandinavia. The company markets its services primarily through retail/travel agents. Norwegian Cruise Line is headquartered in Miami, Florida. “

National CineMedia (NASDAQ:NCMI) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “NATIONAL CINEMEDIA operates the largest digital in theatre network in North America that allows them to distribute advertisements and other content for our advertising, meetings and events businesses utilizing our proprietary digital content network. They have long term exhibitor services agreements with our founding members, Cinemark and Regal, the three largest motion picture exhibition companies in the U.S.and multi year agreements with several other theatre operators whom they refer to as network affiliates. The network affiliate agreements grant them exclusive rights, subject to limited exceptions, to sell advertising on their theatre screens. “

NCS Multistage Holdings (NASDAQ:NCSM) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “NCS Multistage Holdings, Inc. provides engineered products and support services for oil and natural gas well completions and field development strategies primarily in the United States and internationally. NCS Multistage Holdings Inc. is headquartered in Houston, Texas. “

NeoPhotonics Corporation (NYSE:NPTN) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “NeoPhotonics Corporation is engaged in the design and manufacture of photonic integrated circuit, or PIC, based modules and subsystems for bandwidth-intensive, high-speed communications networks. Products offered by the Company includes high-speed products that enable data transmission at 10Gbps, 40Gbps and 100Gbps, agility products such as ROADMs that dynamically allocate bandwidth to adjust for volatile traffic patterns, and access products that provide high-bandwidth connections to more devices and people over fixed and wireless networks. “

NEXT plc (LON:NXT) was downgraded by analysts at Morgan Stanley to an underweight rating. Morgan Stanley currently has GBX 4,300 ($56.53) price target on the stock.

Provident Financial plc (LON:PFG) was downgraded by analysts at Barclays PLC to an underweight rating. Barclays PLC currently has GBX 584 ($7.68) target price on the stock.

Robert Walters PLC (LON:RWA) was downgraded by analysts at Numis Securities Ltd to an add rating. Numis Securities Ltd currently has GBX 700 ($9.20) price target on the stock, up from their previous price target of GBX 560 ($7.36).

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