Analysts’ downgrades for Thursday, July 4th:
Avid Technology (NASDAQ: AVID) was downgraded by analysts at Zacks from a neutral rating to an underperform rating. The firm currently has $5.50 target price on the stock.
Bayerische Motoren Werke AG (ETR: BMW) was downgraded by analysts at JPMorgan Chase & Co. to a neutral rating. They currently have €78.00 ($101.30) target price on the stock.
Champion Iron Mines Ltd (TSE: CHM) was downgraded by analysts at TD Securities from a hold rating to a reduce rating. The firm currently has C$0.15 price target on the stock, down from their previous price target of C$0.35.
CytRx (NASDAQ: CYTR) was downgraded by analysts at Zacks to a neutral rating. They currently have $2.30 price target on the stock.
Eagle Bulk Shipping (NASDAQ: EGLE) was downgraded by analysts at Zacks from an outperform rating to a neutral rating. The firm currently has $3.90 price target on the stock.
Faroe Petroleum Plc (LON: FPM) was downgraded by analysts at Canaccord Genuity from a buy rating to a hold rating. They currently have GBX 128 ($1.95) price target on the stock, down from their previous price target of GBX 190 ($2.89).
Goodman Fielder Ltd (ASX: GFF) was downgraded by analysts at UBS AG to a neutral rating.
Coca-Cola FEMSA (NYSE: KOF) was downgraded by analysts at Zacks from a neutral rating to an underperform rating. The firm currently has $139.30 target price on the stock.
Key Technology (NASDAQ: KTEC) was downgraded by analysts at Zacks from an outperform rating to a neutral rating. Zacks currently has $16.40 target price on the stock.
Methanex Corporation (NASDAQ: MEOH) was downgraded by analysts at Zacks from an outperform rating to a neutral rating. The firm currently has $45.00 target price on the stock.
Mitcham Industries (NASDAQ: MIND) was downgraded by analysts at Zacks from a neutral rating to an underperform rating. Zacks currently has $16.50 price target on the stock.
Tabcorp Holdings Limited (ASX: TAH) was downgraded by analysts at UBS AG to a neutral rating.
Tele2 AB (STO: TEL2-A) was downgraded by analysts at Nomura to a reduce rating. Nomura currently has SEK 75 target price on the stock.
Canadian Satellite Radio Holdings (TSE: XSR) was downgraded by analysts at TD Securities from a buy rating to a hold rating. The firm currently has C$8.00 target price on the stock, up from their previous target price of C$7.50.