Investment Analysts’ Downgrades for February, 14th (DOO, THFF, TINLY, TIVO, TTMI, UAA, UBSH, UMBF, UMPQ, VCRA)

Investment Analysts’ downgrades for Wednesday, February 14th:

BRP (TSE:DOO) was downgraded by analysts at National Bank Financial from an outperform rating to a sector perform rating. National Bank Financial currently has C$54.00 target price on the stock, up from their previous target price of C$52.00.

First Financial (NASDAQ:THFF) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “First Financial Corporation is a multi-bank holding company. Subsidiaries include Terre Haute First National Bank, First State Bank, First Citizens State Bank of Newport, First Farmers State Bank, First Ridge Farm State Bank, First National Bank of Marshall, First Crawford State Bank, and the Morris Plan Company. “

Teijin (OTCMKTS:TINLY) was downgraded by analysts at Zacks Investment Research from a strong-buy rating to a hold rating. According to Zacks, “Teijin Limited is involved in the manufacture, processing and sale of chemical products. Advanced Fibers & Composites segment is engaged in the manufacture and sale of aramid fiber (such as yarn, cotton, woven or knitted fabric), carbon fiber products and polyester fiber (industrial materials). Electric Materials & Chemical Products segment involves in the manufacture and sale of films, resins and resin products. Healthcare segment involves in the manufacture and sale of pharmaceuticals and home medical care equipment, as well as the clinical development of new drugs. Products Converting segment involves in the planning, processing and sale of textile products. Others segment involves in the operation, development and maintenance of information systems, as well as the provision of printing services. “

TiVo (NASDAQ:TIVO) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Estimates have remained stable ahead of TiVo’s fourth-quarter 2017 results. The company has been benefiting from new licensing agreements, as well as the introduction of innovative products. Going ahead, the merger of TiVo and Rovi has brought together two leading players in the media entertainment industry, with complementary products and services, as well as a number of patented technologies. Nonetheless, we are concerned about the uncertainty regarding the settlement of the ongoing dispute between TiVo and Comcast. Comcast has decided to fight against the ruling in the US Patent and Trademark office, which may take another 8-12 months to resolve. Also, Comcast may not renew its existing licensing agreement with TiVo, which is set to expire in July this year, thereby resulting in a huge loss of revenues for the company. All this makes us increasingly cautious about TiVo near-term prospects.”

TTM Technologies (NASDAQ:TTMI) was downgraded by analysts at Zacks Investment Research from a hold rating to a strong sell rating. According to Zacks, “TTM Technologies, Inc. is a leading global printed circuit board manufacturer, focusing on quick-turn and volume production of technologically advanced PCBs, backplane assemblies and electro-mechanical solutions. TTM stands for time-to-market, representing how TTM’s time-critical, one-stop manufacturing services enable customers to shorten the time required to develop new products and bring them to market. “

Under Armour (NYSE:UAA) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Shares of Under Armour have declined and underperformed the industry in a year. Also, the company has been facing issues such as sluggishness in North America business, deteriorating gross margin and higher interest expenses. For 2018, management anticipates revenues to increase by low single-digit percentage rate. In fourth-quarter 2017, the company’s earning missed the consensus mark. However, the big take away from this quarter was better-than-expected top-line performance. Meanwhile, Under Armour’s sustained focus on brand development, expansion of direct-to-consumer and technology-based fitness business bode well. It has also undertaken restructuring efforts since 2017 and projects savings of at least $75 million annually in 2019 and thereafter. Furthermore, Under Armour continues to seek opportunities for increasing global footprint and market share, besides rolling out e-commerce platforms.”

Union Bankshares (NASDAQ:UBSH) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Union Bankshares Corporation is the holding company for Union First Market Bank. The Company operates through two segments, Community Bank and Mortgage. The Banks offer a wide range of banking and related financial services including checking, savings, certificates of deposit and other depository services, discount brokerage services, and a variety of loans. It provides credit cards, automated teller machine services, Internet banking services, and online bill payment services, as well as private banking and trust services to individuals and corporations. Union Bankshares Corporation, formerly Union First Market Bankshares Corporation, is headquartered in Richmond, Virginia. “

UMB Financial (NASDAQ:UMBF) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “UMB Financial Corporation is a financial services holding company engaged in providing complete banking, asset management, health spending solutions and related financial services to commercial, institutional and personal customers nationwide. Subsidiaries of the holding company and the lead bank, UMB Bank include mutual fund and alternative investment services groups, single-purpose companies that deal with brokerage services and insurance, and a registered investment advisor that manages the company’s proprietary mutual funds and investment advisory accounts for institutional customers. The Company has banking centers throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska and Arizona. UMB Financial Corporation is headquartered in Kansas. “

Umpqua (NASDAQ:UMPQ) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “UMPQUA HOLDINGS is a financial holding company. Through its subsidiaries, the company engages primarily in the business of commercial and retail banking and the delivery of retail brokerage services. “

Vocera Communications (NYSE:VCRA) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Vocera Communications Inc. provides mobile communication solutions focused on addressing critical communication challenges facing hospitals. The Company’s solutions consist of its Voice Communication, new Messaging and Care Transition solutions. It enables users to communicate with a Vocera Wi-Fi (TM) Smartphone or Vocera Connect application for smartphones including Blackberry, iPhone, and Android devices. Vocera Communications Inc. is headquartered in San Jose, Calif. “

Viad (NYSE:VVI) was downgraded by analysts at Zacks Investment Research from a hold rating to a strong sell rating. According to Zacks, “Viad Corp is an S&P SmallCap 600 international experiential services company with operations in the United States, Canada, the United Kingdom, continental Europe and the United Arab Emirates. Viad generates its revenue and shareholder value through two main business units: GES, a global full-service live events company serving the world’s leading brands and event organizers and Pursuit, a collection of iconic and cultural destination travel experiences that showcase the best of Banff, Jasper, Glacier, Denali and Kenai Fjords National Parks. Their business strategy focuses on providing exceptional experiential services to their customers and sustainable returns on invested capital to their shareholders. “

Westar Energy (NYSE:WR) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Westar Energy, Inc. is Kansas’ largest electric utility. Westar has 7,200 MW of electric generation capacity fueled by coal, uranium, natural gas, wind and landfill gas. They are a leader in electric transmission in Kansas. Their innovative customer service programs include mobile-enabled customer care, digital meters and paving the way for electric vehicle adoption. “

WesBanco (NASDAQ:WSBC) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “WESBANCO, INC. is a multi-bank holding company whose subsidiaries are engaged in general banking business. “

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