Analysts’ Downgrades for July, 1st (AIAPF, BLMN, CAE, CAKE, CGHLY, CRNCY, CYBBF, DNOPY, DRI, EAT)

Analysts’ downgrades for Wednesday, July 1st:

Ascential (OTCMKTS:AIAPF) was downgraded by analysts at Peel Hunt to a buy rating.

Bloomin’ Brands (NASDAQ:BLMN) was downgraded by analysts at Gordon Haskett from a buy rating to a hold rating.

CAE (NYSE:CAE) (TSE:CAE) was downgraded by analysts at Bank of America Corp from a buy rating to a neutral rating.

CAE (NYSE:CAE) (TSE:CAE) was downgraded by analysts at BofA Securities from a buy rating to a neutral rating.

Cheesecake Factory (NASDAQ:CAKE) was downgraded by analysts at Gordon Haskett from a buy rating to a hold rating.

CHINA GAS HOLDI/ADR (OTCMKTS:CGHLY) was downgraded by analysts at Daiwa Capital Markets from an outperform rating to a hold rating.

CAIRN ENERGY PL/ADR (OTCMKTS:CRNCY) was downgraded by analysts at HSBC Holdings plc from a buy rating to a hold rating.

3i Group (OTCMKTS:CYBBF) was downgraded by analysts at Royal Bank of Canada from an outperform rating to a sector perform rating.

Breville Group (OTCMKTS:DNOPY) was downgraded by analysts at JPMorgan Chase & Co. from a neutral rating to an underweight rating.

Darden Restaurants (NYSE:DRI) was downgraded by analysts at Gordon Haskett from a buy rating to a hold rating.

Brinker International (NYSE:EAT) was downgraded by analysts at Gordon Haskett from a buy rating to a hold rating.

FAMILYMART UNY/ADR (OTCMKTS:FYRTY) was downgraded by analysts at Jefferies Financial Group Inc from a hold rating to an underperform rating.

GB Group (OTCMKTS:GBGPF) was downgraded by analysts at Panmure Gordon from a buy rating to a hold rating.

Grupo Aeromexico SAB de CV (OTCMKTS:GRPAF) was downgraded by analysts at Deutsche Bank AG from a hold rating to a sell rating.

MSA Safety (NYSE:MSA) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “MSA Safety Inc. is engaged in the development, manufacture and supply of safety products that protect people and facility infrastructures. The company’s core product lines include self-contained breathing apparatus, fixed gas and flame detection systems, handheld gas detection instruments, industrial and fire service head protection products and fall protection devices. It serves a broad range of industries, including the oil, gas and petrochemical industry, the fire service, construction, mining and general industry. MSA Safety Inc., formerly known as Mine Safety Appliances Company, is headquartered in Cranberry Township, Pennsylvania. “

MITSUBISHI CORP/S (OTCMKTS:MSBHY) was downgraded by analysts at Zacks Investment Research from a hold rating to a strong sell rating. According to Zacks, “Mitsubishi Corporation (MC) is Japan’s largest general trading company. MC has long been engaged in business with customers around the world in virtually every industry, including energy, metals, machinery, chemicals, food and general merchandise. “

Studio City International (NYSE:MSC) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Studio City International Holdings Limited provides cinematically-themed, gaming, retail and entertainment resort services. Studio City International Holdings Limited is based in Hong Kong. “

MSG Entertainment (NASDAQ:MSGE) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Madison Square Garden Entertainment Corp. provides entertainment experiences. The Company presents or hosts events in its diverse collection of venues: New York’s Madison Square Garden, Hulu Theater at Madison Square Garden, Radio City Music Hall and Beacon Theatre; the Forum in Inglewood, CA and The Chicago Theatre. Also under the MSG Entertainment umbrella is Tao Group Hospitality, with entertainment dining and nightlife brands including Tao, Marquee, Lavo, Avenue, Beauty & Essex and Cath├ędrale. Madison Square Garden Entertainment Corp. is based in NEW YORK. “

Navidea Biopharmaceuticals (NYSEAMERICAN:NAVB) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Navidea Biopharmaceuticals, Inc. is a biopharmaceutical company focused on the development and commercialization of precision diagnostics and radiopharmaceutical agents for diseases such as cancer and Alzheimer. The Company’s radiopharmaceutical development programs include: Lymphoseek(R), AZD4694 and RIGScan(TM). Navidea Biopharmaceuticals, Inc., formerly Neoprobe Corporation, is headquartered in Dublin, Ohio. “

NBT Bancorp (NASDAQ:NBTB) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “NBT BANCORP INC. is a one bank holding company engaged in general banking business. “

NEWCREST MNG LT/ADR (OTCMKTS:NCMGY) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “NEWCREST MINING LIMITED is Australia’s largest gold producer and one of the world’s top ten gold mining companies by production, reserves and market capitalisation. Newcrest has a portfolio of low cost, long life operating mines, a strong pipeline of growth projects and highly prospective brown and greenfield exploration projects. The company has a substantial reserve and resource base combined with a long reserve life. Low gearing and a strong balance sheet places the company in a good position to fund major development projects and to capitalise on external growth opportunities. In addition, Newcrest is currently exploring for gold and gold-copper deposits in Australia, Indonesia, Fiji, the United States, Peru and Chile. The world class exploration team has an enviable track record of discovery as all Newcrest’s mining projects were discovered by the company. “

Norsk Hydro ASA (OTCMKTS:NHYDY) was downgraded by analysts at Zacks Investment Research from a buy rating to a sell rating. According to Zacks, “Norsk Hydro ASA is an aluminium company with production, sales and trading activities. The company’s operating segment consists of Bauxite & Alumina, Primary Metal, Metal Markets, Rolled Products, Energy and Other and eliminations. Norsk Hydro ASA is headquartered in Oslo, Norway. “

NESTLE S A/S (OTCMKTS:NSRGY) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Nestle is the world’s #1 food company and the world leader in coffee (Nescafe), mineral water (Perrier), and ophthalmology products. Among its more than 8,500 products are Alpo dog food, Baby Ruth and Butterfinger candy bars, Carnation evaporated and condensed milk, Coffee-Mate coffee creamer, Kix breakfast cereals, Nestle Quik chocolate drink mix, Stouffer’s frozen dinners, and Toll House morsels. “

InVitae (NYSE:NVTA) was downgraded by analysts at Benchmark Co. from a buy rating to a hold rating.

Rent-A-Center (NASDAQ:RCII) was downgraded by analysts at Janney Montgomery Scott from a buy rating to a neutral rating.

Rotork (OTCMKTS:RTOXF) was downgraded by analysts at Stifel Nicolaus from a buy rating to a hold rating.

South Jersey Industries (NYSE:SJI) was downgraded by analysts at JPMorgan Chase & Co. from a neutral rating to an underweight rating. JPMorgan Chase & Co. currently has $25.00 target price on the stock, down from their previous target price of $27.00.

SUNCORP GRP LTD/S (OTCMKTS:SNMCY) was downgraded by analysts at Credit Suisse Group AG from a neutral rating to an underperform rating.

T&D (OTCMKTS:TDHOY) was downgraded by analysts at Goldman Sachs Group Inc from a buy rating to a neutral rating.

Texas Roadhouse (NASDAQ:TXRH) was downgraded by analysts at Gordon Haskett from a buy rating to a hold rating.

Commerzbank (OTCMKTS:UNCRY) was downgraded by analysts at Jefferies Financial Group Inc from a buy rating to a hold rating.

Zynerba Pharmaceuticals (NASDAQ:ZYNE) was downgraded by analysts at Needham & Company LLC from a buy rating to a hold rating.

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