Equities Research Analysts’ Downgrades for July, 25th (AEL, AVHI, BHP, BRFS, CNS, CYTX, IEC, INXN, JONE, KURRY)

Equities Research Analysts’ downgrades for Tuesday, July 25th:

American Equity Investment Life Holding (NYSE:AEL) was downgraded by analysts at Evercore ISI to an outperform rating.

A V Homes (NASDAQ:AVHI) was downgraded by analysts at BidaskClub from a buy rating to a hold rating.

BHP Billiton Limited (NYSE:BHP) was downgraded by analysts at BidaskClub from a strong-buy rating to a buy rating.

Brf (NYSE:BRFS) was downgraded by analysts at BidaskClub from a sell rating to a strong sell rating.

Cohen & Steers (NYSE:CNS) was downgraded by analysts at BidaskClub from a buy rating to a hold rating.

Cytori Therapeutics (NASDAQ:CYTX) was downgraded by analysts at B. Riley from a buy rating to a neutral rating.

IEC Electronics Corp (NYSE:IEC) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “IEC Electronics Corp. is a full service, ISO 9001 and 9002 certified, contract manufacturer employing state-of-the-art production utilizing both surface mount and pin-through-hole technology. IEC offers its customers a wide range of manufacturing and management services, on either a turnkey or consignment basis, including design prototyping, material procurement and control, concurrent engineering services, manufacturing and test engineering support, statistical quality assurance and complete resource management. (PRESS RELEASE) “

InterXion Holding N.V. (NYSE:INXN) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Interxion Holding N.V. operates as a provider of carrier-neutral colocation data center services in Europe. The Company’s data centre facilitates processing, storage, sharing and distribution of data, content, applications and media among carriers and customers. Its carrier-neutral colocation services includes space, power, cooling to house its customers’ computing, network, storage and IT infrastructure. Additionally, Interxion also offers network monitoring, remote monitoring of customer equipment, systems management, engineering support services, cross connects, data backup and storage. The Company’s data centres are located in London, Frankfurt, Paris, Amsterdam and Madrid, the main data center markets in Europe. Interxion Holding N.V. is headquartered in Schiphol-Rijk, the Netherlands. “

Jones Energy (NYSE:JONE) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Jones Energy, Inc. is an independent oil and gas company. It engages in the development, production and acquisition of oil and natural gas properties in the Anadarko and Arkoma basins of Texas and Oklahoma. Jones Energy, Inc. is based in Austin, Texas. “

Kuraray (NASDAQ:KURRY) was downgraded by analysts at Zacks Investment Research from a strong-buy rating to a hold rating. According to Zacks, “Kuraray Co., Ltd. engages in commercializing chemicals and resins, fibers and textiles, high performance material, medical products and others. It operates in three segments: Chemicals and Resins; Fibers and Textiles; and High-Performance Materials, Medical Products, and Others (HMM). In the chemicals and functional materials fields, the Company’s products include poval resin, the gas barrier material EVAL, isoprene chemicals, fine chemicals, methacrylic resin and resin-finished goods. The Fibers and Textiles segment provides man-made leather, non-woven fabrics, hook and loop fasteners, MAGIC TAPE, which is used in clothing, shoes, car seats; polyester; and textiles. The HMM segment provides heat resistant polyamide resins used in electronics parts and auto parts, dental materials; PVA gel, which are used in water purification and wastewater treatment; and KURARAY COAL used in water purification facilities, gas separators, and capacitor materials. Kuraray Co., Ltd. is headquartered in Tokyo, Japan. “

Fidelity Southern Corporation (NASDAQ:LION) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Fidelity Southern Corporation, through its operating subsidiary Fidelity Bank, provides a wide range of banking, mortgage and investment services through branches in Atlanta, Georgia. Mortgage, construction, and automobile loans are also provided through offices in Jacksonville, Florida. “

lululemon athletica inc. (NASDAQ:LULU) was downgraded by analysts at Stifel Nicolaus from a buy rating to a hold rating. They currently have $66.00 price target on the stock, up from their previous price target of $60.00. They noted that the move was a valuation call. The analysts noted that the move was a valuation call.

McDonald’s Corporation (NYSE:MCD) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “McDonald’s shares outpaced the industry year to date. The company has surpassed the Zacks Consensus Estimate in each of the last 4 quarters and estimates are stable ahead of its Q2 earnings release. Notably, increased focus on refranchising will cut the company’s capital requirements and facilitate EPS growth and ROE expansion in the long run. Meanwhile, growing guest count remains McDonald’s top priority and it is undertaking various sales and digital initiatives to this end. Focus on delivery, enhancement of digital capabilities, and accelerated deployment of Experience of the Future restaurants in the U.S should drive growth too. In fact, global comps at McDonald’s have been positive over the past seven quarters. Yet, high labor costs and currency headwinds might keep profits under pressure. Also, political and economic unrest in some parts of the world and a not so enticing U.S. restaurant space might restrict sales growth.”

MICRO FOCUS INTL SPON ADR REPR 1 (NASDAQ:MCFUY) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Micro Focus International plc is a United Kingdom-based global software company. The Company is engaged in delivering and supporting software solutions. The Company enables customers to utilize new technology solutions while maximizing the value of their investments in information technology (IT) infrastructure and business applications. The Company’s portfolio includes identity access and security solutions, common business-oriented language (COBOL) development and mainframe solutions, development and IT operations management tools, host connectivity solutions, and collaboration and networking solutions. The Company’s products include Access Manager, Access Review, AccuRev, AccuSync, Acu4GL, AcuBench, ACUCOBOL-GT, AcuConnect, AcuServer, AcuSQL, AcuXDBC, Aegis, AppManager, Artix, Atlas, Business Continuity Clustering, Caliber, Client for Windows, Cloud Manager and CloudAccess. The Company caters to various industries, such as Federal, airlines and healthcare. “

Monogram Residential Trust (NYSE:MORE) was downgraded by analysts at Robert W. Baird from an outperform rating to a neutral rating.

ArcelorMittal (NYSE:MT) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “ArcelorMittal outperformed the industry it belongs to over the past one year. ArcelorMittal should gain from its efforts to reduce debt, lower costs, expand capacity and improve efficiency. It is making a significant progress in its cost reduction initiatives under the Action 2020 program. Moreover, ArcelorMittal is looking to sell its non-core assets to focus on important operations and also expanding its advanced high strength steel product line. However, ArcelorMittal continues to contend with soft economic conditions in Europe and China and volatility in steel prices. Demand for steel remains weak in Europe and China. Moreover, cheap steel exports from China is still causing a problem.”

Newfield Exploration (NYSE:NFX) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Concerned by the current demand/supply imbalance, we are downgrading our recommendation on Newfield Exploration to Underperform from Neutral. The company’s Rockies- and Gulf Coast-centered asset portfolio and its lack of meaningful exposure to the emerging shale plays are competitive disadvantages. Furthermore, because of gas price volatility, costs, geo-political risks and project timing delays; we see no positive catalyst for Newfield shares. Increased debt pressure in the highly competitive shale plays along with declining revenues is also a cause for concern. Therefore, we expect Newfield Exploration to perform below its peers and industry levels in the coming months. We believe there are other companies in the natural gas E&P group that offer better exposure to the sector.”

NovaGold Resources (NYSEMKT:NG) (TSE:NG) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “NovaGold Resources is a gold and copper company engaged in the exploration and development of mineral properties in Alaska and Western Canada. The Company is rapidly moving to production at its hundred percent owned Nome Operations in Alaska, which includes Rock Creek, Big Hurrah and Nome Gold. NovaGold recently announced its partnership with Teck Cominco to build the Galore Creek copper-gold mine in northwestern British Columbia, with NovaGold and Teck Cominco each owning 50% of the project once Teck Cominco has completed its partnership requirements. “

Navios Maritime Partners (NYSE:NMM) was downgraded by analysts at Zacks Investment Research from a buy rating to a sell rating. According to Zacks, “Navios Maritime Partners L.P. is an international owner and operator of dry cargo vessels. It engages in the seaborne transportation services of drybulk commodities including iron ore, coal, grains, fertilizers and chartering of its vessels under medium to long-term charters. Navios Maritime Partners L.P. is headquartered in Piraeus, Greece. “

Nuance Communications (NASDAQ:NUAN) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Nuance Communications, Inc. is the leading provider of speech and imaging solutions for businesses and consumers around the world. Its technologies, applications and services make the user experience more compelling by transforming the way people interact with information and how they create, share and use documents. “

Pebblebrook Hotel Trust (NYSE:PEB) was downgraded by analysts at BidaskClub from a buy rating to a hold rating.

Park Hotels & Resorts (NYSE:PK) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Park Hotels & Resorts Inc. is a lodging Real Estate Company. The company operates luxury hotels and resorts in USA and international market. Park Hotels & Resorts Inc. is based in Mc Lean, Virginia. “

Plexus Corp. (NASDAQ:PLXS) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Plexus reported third-quarter 2017 results, wherein both earnings and revenues beat the Zacks Consensus Estimate. However, both the metrics registered declines years over year. Plexus’ performance continues to be marred by weakness in Communications segment. Customer concentration and stiffening competition remain other areas of concern. The company has underperformed the broader market in the past one year. However, Plexus is likely to benefit from increasing project wins, streamlining of operations and strong cash flow generation abilities over the long run. Moreover, it expects revenues from communications sector to be up in the current quarter driven by increasing end-market demand.”

Power Integrations (NASDAQ:POWI) was downgraded by analysts at Deutsche Bank AG from a buy rating to a hold rating.

Peugeot SA (NASDAQ:PUGOY) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Peugeot S.A. manufactures and sells cars. The company’s operating segment consists of Automotive, Automotive Equipment, and Finance. Automotive division designs, manufactures, and sells passenger cars and light commercial vehicles under the Peugeot, Citroën and DS brands. Automotive Equipment division offers interior systems, automotive seating, automotive exteriors and emissions control technologies. Finance Division provides retail financing to customers of the Peugeot, Citroën and DS brands and wholesale financing to dealer networks. It operates primarily in Europe, Eurasia, China and South-Asia, Latin America, the Middle East, Africa and North America. Peugeot S.A. is based in Paris, France. “

Freightcar America (NASDAQ:RAIL) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “FreightCar America, Inc. manufactures railroad freight cars, with particular expertise in coal-carrying railcars. In addition to coal cars, FreightCar America designs and builds flat cars, mill gondola cars, intermodal cars, coil steel cars and motor vehicle carriers. It is headquartered in Chicago, Illinois and has manufacturing facilities in Danville, Illinois, Roanoke, Virginia and Johnstown, Pennsylvania. “

Rathbone Brothers plc (LON:RAT) was downgraded by analysts at Peel Hunt to a hold rating. They currently have GBX 2,630 ($34.26) target price on the stock, up from their previous target price of GBX 2,450 ($31.92).

Resources Connection (NASDAQ:RECN) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Resources Connection, Inc. is a professional services firm that provides experienced accounting and finance, human resources management and information technology professionals to clients on a project-by-project basis. In accounting and finance, they assist clients with discrete projects requiring specialized professional expertise, such as mergers and acquisitions due diligence, financial analyses and tax-related projects. They also provide human resources management services and information technology services. “

Renasant Corporation (NASDAQ:RNST) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Renasant Corporation is the parent of Renasant Bank and Renasant Insurance, Inc. “

Science Group PLC (LON:SAG) was downgraded by analysts at Numis Securities Ltd to an add rating. They currently have GBX 235 ($3.06) target price on the stock, up from their previous target price of GBX 220 ($2.87).

Safe Bulkers (NYSE:SB) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “SAFE BULKERS is an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly grain, iron ore and coal, along worldwide shipping routes for some of the world’s largest consumers of marine drybulk transportation services. “

Select Bancorp (NASDAQ:SLCT) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Select Bancorp Inc. is a bank holding company. It engages in providing personal and business banking products through its branches and the Internet. The Bank offers a range of banking services, including checking and savings accounts, commercial, consumer, mortgage and personal loans, and other associated financial services. Select Bancorp, Inc., formerly known as New Century Bancorp, Inc., is based in United States. “

Super Micro Computer (NASDAQ:SMCI) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Super Micro Computer, Inc. designs, develops, manufactures and sells energy-efficient, application optimized server solutions based on the x86 architecture. The Company’s solutions include a range of rack mount and blade server systems, as well as components. Supermicro emphasizes superior product design and uncompromising quality control to produce industry-leading serverboards, chassis and server systems. These Server Building Block Solutions provide benefits across many environments, including data center deployment, high-performance computing, high-end workstations, storage networks and standalone server installations. Super Micro Computer sells its server systems and components primarily through distributors, which include value-added resellers and system integrators, and to a lesser extent, to original equipment manufacturers (OEMs). Super Micro Computer, Inc. is headquartered in San Jose, California. “

Smiths Group PLC (NASDAQ:SMGZY) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Smiths Group plc is a technology company. The Company designs, manufactures and delivers products and services for the threat & contraband detection, medical devices, energy and communications market. Its operating segment consists John Crane sector provides mechanical seals, seal support systems, engineered bearings, power transmission couplings and specialist filtration systems, Smiths Medical sector provides infusion systems, vascular access, patient airway and temperature management equipment and specialty devices. Smiths Detection sector provides sensors that detect and identify explosives, narcotics, weapons, chemical agents, biohazards and contraband; Smiths Interconnect sector provides specialised electronic and radio frequency components and sub-systems that connect, protect and control critical systems; Flex-Tek division provides engineered components that heat and move fluids and gases, flexible hosing and rigid tubing. Smiths Group plc is headquartered in London, the United Kingdom. “

Team (NYSE:TISI) was downgraded by analysts at Stephens from an overweight rating to an equal weight rating.

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

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) was downgraded by analysts at BidaskClub from a buy rating to a hold rating.

WebMD Health Corp (NASDAQ:WBMD) was downgraded by analysts at SunTrust Banks, Inc. from a buy rating to a hold rating.

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