Investment Analysts’ Downgrades for February, 14th (CAR, CASI, CBM, CMRX, CSRA, DVAX, LIFE, LXRX, ONCE, PENN)

Investment Analysts’ downgrades for Wednesday, February 14th:

Avis Budget Group (NASDAQ:CAR) was downgraded by analysts at Goldman Sachs Group Inc from a neutral rating to a sell rating. Goldman Sachs Group Inc currently has $33.00 target price on the stock.

CASI Pharmaceuticals (NASDAQ:CASI) was downgraded by analysts at BidaskClub from a strong-buy rating to a buy rating.

Cambrex (NYSE:CBM) was downgraded by analysts at Longbow Research from a buy rating to a neutral rating.

Chimerix (NASDAQ:CMRX) was downgraded by analysts at JPMorgan Chase & Co. from a neutral rating to an underweight rating.

CSRA (NYSE:CSRA) was downgraded by analysts at SunTrust Banks, Inc. from a buy rating to a hold rating. They currently have $39.00 price target on the stock.

Dynavax Technologies (NASDAQ:DVAX) was downgraded by analysts at JPMorgan Chase & Co. from an overweight rating to a neutral rating. They currently have $25.00 price target on the stock, down from their previous price target of $31.00.

aTyr Pharma (NASDAQ:LIFE) was downgraded by analysts at JPMorgan Chase & Co. from a neutral rating to an underweight rating.

Lexicon Pharmaceuticals (NASDAQ:LXRX) was downgraded by analysts at JPMorgan Chase & Co. from a neutral rating to an underweight rating. JPMorgan Chase & Co. currently has $10.00 target price on the stock, down from their previous target price of $15.00.

Spark Therapeutics (NASDAQ:ONCE) was downgraded by analysts at JPMorgan Chase & Co. from an overweight rating to a neutral rating.

Penn National Gaming (NASDAQ:PENN) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Penn National Gaming, Inc. owns, operates or has ownership interests in gaming and racing facilities and video gaming terminal operations with a focus on slot machine entertainment. They have also recently expanded into social online gaming offerings via Penn Interactive Ventures, LLC division and recent acquisition of Rocket Speed Inc. “

PepsiCo (NASDAQ:PEP) was downgraded by analysts at Evercore ISI to an outperform rating.

Preferred Bank (NASDAQ:PFBC) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Preferred Bank is one of the largest independent commercial banks in California focusing on the Chinese-American market. The bank is chartered by the State of California, and its deposits are insured by the Federal Deposit Insurance Corporation, or FDIC, to the maximum extent permitted by law. The Company conducts its banking business from its main office in Los Angeles, California, and through ten full-service branch banking offices in Alhambra, Century City, Chino Hills, City of Industry, Torrance, Arcadia, Irvine, Diamond Bar, Santa Monica and Valencia, California. Preferred Bank offers a broad range of deposit and loan products and services to both commercial and consumer customers. The bank provides personalized deposit services as well as real estate finance, commercial loans and trade finance to small and mid- sized businesses, entrepreneurs, real estate developers, professionals and high net worth individuals. Preferred Bank continues to benefit from the significant migration to Southern California of “

Pennantpark Floating Rate Capital (NASDAQ:PFLT) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “PennantPark Floating Rate Capital Ltd. is a business development company. It is a closed-end, externally managed and non-diversified investment company. Its investment objectives are to generate current income and capital appreciation by investing primarily in floating rate loans and other investments made to the United States middle-market companies. The firm provides first lien secured debt and other opportunistic financings (mezzanine, private high yield debt, preferred and common stock) to middle market sponsors and companies. Its investments may include equity features, such as direct investments in the equity securities of borrowers or warrants or options to buy a minority interest in a portfolio company. It has investments in various sectors, including aerospace and defense; consumer services; healthcare and pharmaceuticals, and others. The firm has a value-oriented, bottoms-up investment philosophy. Its investment activities are managed by the investment advisor, PennantPark Investment Advisers LLC. “

PLDT (NYSE:PHI) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “PLDT Inc. offers telecommunications services. Its operating segment consists of Wireless, Fixed Line and Others. Wireless segment provides cellular, wireless broadband and other services, and digital platforms and mobile financial services. Fixed Line segment provides local exchange, international long distance, national long distance, data and other network and miscellaneous services. It offers postpaid and prepaid fixed line services. PLDT, Inc., formerly known as Philippine Long Distance Telephone Company, is based in Makati City, the Philippines. “

Plug Power (NASDAQ:PLUG) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Plug Power Inc. is a leading provider of alternative energy technology focused on the design, development, commercialization and manufacture of hydrogen fuel cell systems used primarily for the material handling and stationary power market. They are focused on proton exchange membrane, or PEM, fuel cell and fuel processing technologies, fuel cell/battery hybrid technologies, and associated hydrogen storage and dispensing infrastructure from which multiple products are available. They sell and continue to develop fuel cell product solutions to replace lead-acid batteries in material handling vehicles and industrial trucks for some of North America’s largest distribution and manufacturing businesses. Their current product line includes: GenDrive, GenFuel, GenCare, ReliOn, and GenKey. “

PennyMac Mortgage Investment Trust (NYSE:PMT) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “PennyMac Mortgage Investment Trust is a real estate investment trust. The Company operates as a specialty finance company that will invest primarily in residential mortgage loans and mortgage-related assets. The company seeks to acquire primarily troubled home mortgage loans and mortgage-backed securities from FDIC liquidations of failed banks, US Treasury Legacy Loans Program auctions, and direct acquisitions from mortgage and insurance companies and foreign banks. The Company’s objective is to provide risk-adjusted returns to its investors over the long-term, primarily through dividends and secondarily through capital appreciation. The Company focuses on investing in mortgage loans, a substantial portion of which may be distressed and acquired at discounts to their unpaid principal balances. PennyMac is managed by investment adviser PNMAC Capital Management and offers primary and special loan servicing through PennyMac Loan Services. “

Pinnacle Financial Partners (NASDAQ:PNFP) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Pinnacle Financial Partners, Inc. Provides a full range of banking, investment, trust, mortgage and insurance products and services designed for businesses and their owners and individuals interested in a comprehensive relationship with their financial institution. “

Pacific Premier Bancorp (NASDAQ:PPBI) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “LIFE Financial Corporation is a savings and loan holding company for Life Bank. The company originates, purchases, sells, securitizes and services primarily non-conventional mortgage loans principally secured by first and second mortgages on one- to four-family residences. The Company makes Liberator Series loans, which are for the purchase of residential real property by borrowers who generally would not qualify for Fannie Mae or Freddie Mac loans, and Portfolio Series loans, which is debt consolidation loans for borrowers whose credit history qualifies them. “

PRGX Global (NASDAQ:PRGX) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “PRGX Global, Inc., formerly PRG-Schultz International, Inc., provides audit, analytics, and advisory services in order to improve client financial performance. The Company’s recovery audit services comprise taking client transaction data, transforming it for analysis, identification of errors, and working with vendors or providers to recover overpaid cash. It audits merchandise purchases, accounts payable, lease and property payments, telecom, freight, marketing and media expenses, taxes, import duties, and healthcare claims. The Company’s analytics services include fraud detection and prevention services, such as detecting, deterring, and preventing fraud; custom analytics services, including discovering the value of unstructured data; benchmarking services; and spend analytic services. Its advisory services consist of working capital optimization, enterprise cost reduction, finance transformation, and corporate performance management. The Company is headquartered in Atlanta, Georgia. “

Tetraphase Pharmaceuticals (NASDAQ:TTPH) was downgraded by analysts at BMO Capital Markets from an outperform rating to a market perform rating. They currently have $24.00 target price on the stock.

Virgin Money Hldgs (OTCMKTS:VRGDF) was downgraded by analysts at Royal Bank of Canada from an outperform rating to an underperform rating.

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