Investment Analysts’ downgrades for Thursday, November 2nd:

Aluminum Corporation of China Limited (NYSE:ACH) was downgraded by analysts at HSBC Holdings plc from a buy rating to a hold rating.

Aetna (NYSE:AET) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Aetna’s third-quarter earnings surpassed the Zacks Consensus Estimate and grew year over year, driven by strong underwriting margin performance, disciplined pricing, a focus on high quality care management, and a decline in medical cost. Aetna’s shares have outperformed the industry year to date. We expect the company to witness long-term growth from its Government business and International expansion. Its cost-reduction initiatives will aid margins. The sale of its Group Life and Disability business will help it to focus on core growth areas. Following strong third-quarter results, Aetna raised its earnings guidance, cementing investors' confidence in it. Aetna has, however, been incurring losses in its public exchange business and has been exiting exchanges. Furthermore, its membership growth remains under pressure. Increasing medical benefit ratios are also likely to hurt margins.”

EP Energy Corporation (NYSE:EPE) was downgraded by analysts at J P Morgan Chase & Co from a neutral rating to an underweight rating.

Inter Parfums (NASDAQ:IPAR) was downgraded by analysts at Sidoti from a buy rating to a neutral rating.

KAR Auction Services (NYSE:KAR) was downgraded by analysts at Gabelli from a buy rating to a hold rating. Gabelli currently has $53.00 target price on the stock.

Lundin Petroleum AB (OTC:LNDNF) was downgraded by analysts at Barclays PLC from an overweight rating to an equal weight rating.

Qorvo (NASDAQ:QRVO) was downgraded by analysts at Northland Securities from an outperform rating to a market perform rating.

Rockwell Automation (NYSE:ROK) was downgraded by analysts at HSBC Holdings plc from a hold rating to a reduce rating.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) was downgraded by analysts at UBS AG from a buy rating to a neutral rating.

Sleep Country Cana (NASDAQ:SCCAF) was downgraded by analysts at TD Securities from a buy rating to a hold rating.

Treehouse Foods (NYSE:THS) was downgraded by analysts at William Blair from an outperform rating to a market perform rating.

Treehouse Foods (NYSE:THS) was downgraded by analysts at Stephens from an overweight rating to an equal weight rating.

Under Armour (NYSE:UAA) was downgraded by analysts at Wedbush from a hold rating to a sell rating.

Encore Wire Corporation (NASDAQ:WIRE) was downgraded by analysts at Zacks Investment Research from a hold rating to a strong sell rating. According to Zacks, “Encore Wire Corporation is a low-cost manufacturer of copper electrical building wire and cable. The Company is a significant supplier of both residential wire for interior electrical wiring in homes, apartments and manufactured housing, as well as building wire for electrical distribution in commercial and industrial buildings. “

XOMA Corporation (NASDAQ:XOMA) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “XOMA Corporation is a biopharmaceutical company engaged in the discovery, development, and manufacturing of therapeutic antibodies to treat autoimmune, infectious, inflammatory, and oncological diseases. The company’s flagship product is gevokizumab, a humanized antibody to interleukin-1ß with potential for the treatment of the inflammatory cause of multiple diseases. XOMA Corporation, formally known as XOMA Ltd., is headquartered in Berkeley, California. “

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