Investment Analysts’ Downgrades for February, 15th (AYR, BPL, FOSL, HIBB, HIW, HOLI, HOLX, KSS, LAD, LLY)

Investment Analysts’ downgrades for Wednesday, February 15th:

Aircastle Limited (NYSE:AYR) was downgraded by analysts at Cowen and Company from an outperform rating to a market perform rating. Cowen and Company currently has $25.00 price target on the stock, up from their previous price target of $23.00.

Aircastle Limited (NYSE:AYR) was downgraded by analysts at FBR & Co from an outperform rating to a market perform rating. The firm currently has $27.50 price target on the stock, up from their previous price target of $23.00.

Buckeye Partners L.P. (NYSE:BPL) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Buckeye Partners’ fourth-quarter earnings missed the Zacks Consensus Estimate. Revenues, however, surpassed the estimate. The partnership holds an attractive portfolio of refined petroleum-product transportation and storage assets in key geographical markets. Strategic acquisitions and organic growth projects will drive the partnership’s performance in the domestic as well as international arena. Buckeye completed a successful open season on the second phase of the Michigan-Ohio pipeline in October. However, intensifying competition and stringent government regulations are persistent headwinds. The partnership depends on its operating subsidiaries to service debt obligations and pay cash distributions to its unitholders. The current rate of return from the partnership’s unit is lower compared with the return from the broader industry in the last one year.”

Fossil Group (NASDAQ:FOSL) was downgraded by analysts at Wells Fargo & Company from a market perform rating to an underperform rating. Wells Fargo & Company currently has $14.00 target price on the stock. They noted that the move was a valuation call. The analysts noted that the move was a valuation call.

Hibbett Sports (NASDAQ:HIBB) was downgraded by analysts at Forward View to a sell rating. They currently have $27.00 target price on the stock.

Highwoods Properties (NYSE:HIW) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Highwoods reported fourth-quarter 2016 FFO per share of $0.82, which came in line with the Zacks Consensus Estimate. Results reflected strong growth in same-property NOI net operating income (NOI). However, the shares of Highwoods underperformed the Zacks categorized REIT and Equity Trust – Other industry over the last one month. Also, its first-quarter 2017 estimates moved down lately. In fact, interest rate hike is posing a challenge for the company. This is because the company’s ability to refinance existing debt would be restricted, while the interest cost on new debt would increase. Also, its huge development pipeline and large exposure to office assets are adding to the operations risks. However, the company has a diverse portfolio with top tenants, high-quality office assets in best business districts (BBDs) and a robust balance sheet. Also, its recent hike in dividend is encouraging.”

Hollysys Automation Technologies (NASDAQ:HOLI) was downgraded by analysts at Citigroup Inc. from a buy rating to a neutral rating. The firm currently has $18.70 target price on the stock.

Hologic (NASDAQ:HOLX) was downgraded by analysts at Bank of America Corporation from a buy rating to a neutral rating.

Kohl’s Corporation (NYSE:KSS) was downgraded by analysts at Vetr from a buy rating to a hold rating. The firm currently has $43.22 target price on the stock.

Ladbrokes Coral Group PLC (LON:LAD) was downgraded by analysts at HSBC Holdings plc to a reduce rating. The firm currently has GBX 115 ($1.44) target price on the stock, down from their previous target price of GBX 145 ($1.81).

Eli Lilly and Company (NYSE:LLY) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Lilly’s fourth-quarter results were mixed with earnings missing estimates but revenues beating the same.   Earnings jumped 22% year over year backed by strong diabetes sales. In 2017, while new products like Trulicity, Taltz, Basaglar, Cyramza, Jardiance and Lartruvo are expected to see higher revenues, Lilly expects some established products like Trajenta, Forteo and Humalog to continue doing well. Lilly expects to launch 20 new products between 2014 and 2023, including the launch of at least two new indications/line extensions on an average every year. Although the stock’s decline was sharper than the large cap pharma industry in 2016, it has done well in 2017. However, Alimta will continue to be impacted by competition. Other headwinds include competition from immuno-oncology agents as well as loss of exclusivity for many drugs in the emerging markets.”

LegacyTexas Financial Group (NASDAQ:LTXB) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “LegacyTexas Financial Group, Inc. is a bank holding company. The company’s holdings include LegacyTexas Bank. The Bank offers commercial, small business, and consumer deposit and lending products, title and insurance services through its bank subsidiaries, LegacyTexas Title and LegacyTexas Insurance. It also offers brokerage services for the purchase and sale of non-deposit investment products. LegacyTexas Financial Group, Inc., formerly known as ViewPoint Financial Group, Inc., is based in Plano, Texas. “

Mimecast Limited (NASDAQ:MIME) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Mimecast Limited offers cloud security and risk management services for corporate information and email primarily in the United States, the United Kingdom and South Africa. The Company offers email management services that protect the organization against spam, viruses, malware, emerging threats, and other challenges. Mimecast Limited is headquartered in London, the United Kingdom. “

Ncc Group (NASDAQ:NCCGF) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “NCC Group PLC provides information assurance solutions. Its operating segment consists of Group Escrow, Assurance and Domain Services. The Company provides business critical IT assurance and protection to public and private organizations. NCC Group PLC is headquartered in Manchester, the United Kingdom. “

National Fuel Gas Company (NYSE:NFG) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “National Fuel Gas Co. is engaged in the business of owning and holding securities issued by its subsidiary companies. The company is a diversified energy company consisting of the following six reportable business segments: Utility; Pipeline and Storage; Exploration and Production; International; Energy Marketing; and Timber. “

National Grid Transco, PLC (NYSE:NGG) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “NATIONAL GRID -ADR is an international energy delivery business, whose principal activities are in the regulated electricity and gas industries. They own and operate the high-voltage electricity transmission network in England and Wales, and Britain’s natural gas transportation system. In the US they are one of the top ten electricity companies, with the largest electricity transmission and distribution network in the New England/New York region. “

NMI Holdings (NASDAQ:NMIH) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “NMI Holdings, Inc., through its subsidiaries, provides private mortgage insurance in the United States. NMI Holdings, Inc. is based in Emeryville, California. “

NRG Yield (NYSE:NYLD) was downgraded by analysts at Morgan Stanley from an overweight rating to an equal weight rating.

Corporate Office Properties Trust (NYSE:OFC) was downgraded by analysts at Robert W. Baird from an outperform rating to a neutral rating. Robert W. Baird currently has $33.00 target price on the stock.

Omega Healthcare Investors (NYSE:OHI) was downgraded by analysts at SunTrust Banks, Inc. from a buy rating to a hold rating.

Southwest Bancorp (NASDAQ:OKSB) was downgraded by analysts at Zacks Investment Research from a buy rating to a sell rating. According to Zacks, “Southwest Bancorp offers a broad range of commercial and consumer lending and deposit services. Southwest devotes substantial efforts to marketing and providing services to local businesses, their primary employees, and to other managers and professionals living and working in its Oklahoma market areas. Southwest has adapted to state branching limitations by developing a marketing and delivery system that does not rely on an extensive branch network. (PRESS RELEASE) “

Organovo Holdings (NASDAQ:ONVO) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Organovo Holdings, Inc. is a three-dimensional biology company focused on delivering breakthrough bioprinting technology and creating tissue on demand for research and medical applications. Its NovoGen 3D printing technology is a platform that works across various tissue and cell types. Organovo Holdings, Inc. is based in San Diego, California. “

Ormat Technologies (NYSE:ORA) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “ORMAT brings three decades of experience in the development, manufacture, and marketing of innovative power systems. ORMAT Energy Converter units, combined into modular power plants; use locally available heat sources, including geothermal energy (steam and hot water), recovered energy generation, solar energy, biomass, and low grade fuels. “

Orbotech (NASDAQ:ORBK) was downgraded by analysts at Zacks Investment Research from a hold rating to a strong sell rating. According to Zacks, “Orbotech LTD. is the world leader in the design, development, manufacture and marketing of AOI systems for use in the manufacture of printed circuit boards and flat panel displays and is a leader in the design, development, manufacture and marketing of imaging solutions for PCB production and of AOI systems for use in the electronics assembly industry. They market computer aided manufacturing solutions for PCB production and continue to develop its proprietary AOI technologies for use in other applications both within and outside the electronics industry. (press release) “

Oracle Corporation (NYSE:ORCL) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Oracle is in the middle of a business transition from on-premise licensing to cloud-based business model, which will be accretive to long term growth. However, it is a drag on the financials at present. Adding to that, Oracle seems to have hit a bad patch as far as litigation is concerned. The renewed fight over Android with Google will remain an overhang on the stock. In fact, we note that Oracle has underperformed the broader market in the last one-year. Nevertheless, the ongoing momentum at SaaS and PaaS provides signficant growth opportunity. The introduction of Generation2 IaaS data centers are expected to improve Oracle’s competitive prowess against Amazon Web Services and will drive market share going ahead. Moreover, the comany's decision to fine commercial users of Java SE augurs well for topline growth in the future. “

Pacific Continental Corporation (Ore) (NASDAQ:PCBK) was downgraded by analysts at Zacks Investment Research from a buy rating to a sell rating. According to Zacks, “PACIFIC CONTINENTAL is a one-bank holding company. Their principal business activities are conducted through their full- service commercial bank subsidiary, PacificContinental Bank. The Bank is engaged in general commercial banking, with emphasis on lending to small and medium-sized businesses and construction lending for commercial facilities and single family residences. The Bank provides a range of financial services tailored to the needs of the community. “

Pier 1 Imports (NYSE:PIR) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Pier 1 Imports, Inc. consists of a chain of retail stores operating under the names Pier 1 Imports and The Pier, selling a wide variety of furniture, decorative home furnishings, dining and kitchen goods, accessories and other specialty items for the home. Additionally, the company, through certain subsidiaries, operates stores in the United Kingdom under the name The Pier. The company supplies merchandise and licenses the Pier 1 name to Sears Mexico and Sears Puerto Rico. “

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. “

Paddy Power Betfair Plc (LON:PPB) was downgraded by analysts at HSBC Holdings plc to a hold rating. The firm currently has GBX 8,900 ($111.22) target price on the stock.

Paratek Pharmaceuticals (NASDAQ:PRTK) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Paratek Pharmaceuticals, Inc. is a biopharmaceutical company. The Company focuses on the discovery, development, and commercialization of therapeutics that treat infectious disease agents. The Company’s lead product candidate, omadacycline, is a tetracycline-derived antibiotic being developed for use as a first-line monotherapy for serious community-acquired bacterial infections where antibiotic resistance is of concern for treating physicians. Its second product candidate, WC 3035 is a tetracycline-derived compound designed for use in the treatment of acne and rosacea. Paratek Pharmaceuticals, Inc., formerly known as Transcept Pharmaceuticals, Inc., is based in United States. “

Quintiles Transitional Holdings (NYSE:Q) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Quintiles Transnational Holdings Inc. provides professional services, information and partnering solutions to the pharmaceutical services, biotechnology and healthcare industries. The Company has two segments: Product Development and Integrated Healthcare Services. It offers project management, clinical monitoring services, strategic planning and design services, consulting services contract sales, market entry/market exit, integrated channel management, patient engagement, market access and commercialization consulting, brand and scientific communication, and medical education services; outcome/observational services. The Company operates in Americas, Europe and Africa, and the Asia-Pacific. Quintiles Transnational Holdings Inc. is based in Durham, North Carolina. “

Quintiles Transitional Holdings (NYSE:Q) was downgraded by analysts at Robert W. Baird from a neutral rating to an underperform rating. Robert W. Baird currently has $74.00 target price on the stock.

Randstad Hldgs Nv (NASDAQ:RANJY) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Randstad Holding NV operates as a global provider of HR services including temporary staffing, permanent placement, recruitment of middle and senior managers, on site consulting, seconded specialists and specialized HR services. Its staffing segment service comprise of temporary staffing, permanent placement and (high-volume) specialties; the inhouse service segment specializes in the provision of high-volume, skilled flexible labor; aimed at improving labor flexibility, retention, productivity and efficiency while HR solutions & managed services segment offers a comprehensive range of HR project management, HR management and HR consultancy services. The Company also recruits supervisors, managers, professionals, interim specialists and consultants with professional qualifications for middle and senior management positions. Randstad Holding NV is headquartered in Diemen, the Netherlands. “

Recordati (NASDAQ:RCDTF) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Recordati S.p.A. is a pharmaceutical company. It engaged in the research, development, manufacturing and marketing of pharmaceuticals for rare disease treatments. The company operates primarily in Russia, Turkey, North Africa and United States of America. Recordati S.p.A. is headquartered in Milan, Italy. “

RELX PLC (NYSE:RELX) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Relx PLC is engaged in providing information solutions. Its products and services comprise intellectual property content delivered through various media, including online, journals and books. The Company’s operating segments consists of Scientific, Technical & Medical, Risk & Business Information; Legal and Exhibitions. RELX PLC, formerly known as Reed Elsevier PLC, is based in LONDON, United Kingdom. “

Roadrunner Transportation Systems (NASDAQ:RRTS) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Roadrunner Transportation Systems, Inc. is a non-asset based transportation and logistics services provider offering a full suite of solutions, including customized and expedited less-than-truckload, truckload and intermodal brokerage, and domestic and international air. The Company utilizes a proprietary webenabled technology system and a third-party network of transportation providers to serve a diverse customer base in terms of end market focus and annual freight expenditures. Its third-party transportation providers consist of individuals or small teams that own or lease their own over-the-road transportation equipment and asset-based, over-the-road transportation companies. As a non-asset based transportation provider, the Company does not own any tractors or other power equipment used to transport its customers’ freight. Roadrunner Transportation Systems, Inc. is headquartered in Cudahy, Wisconsin. “

Ruth’s Hospitality Group (NASDAQ:RUTH) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Ruth’s Chris Steak House, Inc. is one of the largest upscale steak house companies in the U.S. Ruth’s Chris specializes in USDA Prime grade steaks served in Ruth’s Chris signature fashion – sizzling and topped with seasoned butter. “

Sunstone Hotel Investors (NYSE:SHO) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Sunstone Hotel Investors, Inc. is a Southern California-based lodging real estate company that expects to qualify as a real estate investment trust for federal income tax purposes. The Company owns hotels primarily in the upper-upscale and upscale segments primarily operated under franchises owned nationally-recognized companies, such as Marriott, Hilton, InterContinental and Hyatt. “

Smurfit Kappa Group PLC (NASDAQ:SMFKY) was downgraded by analysts at Zacks Investment Research from a hold rating to a strong sell rating. According to Zacks, “Smurfit Kappa Group PLC operates as a paper and paperboard manufacturer and converter. It also engages in the manufacturing, distribution and selling of containerboard, corrugated containers and other paper-based packaging products, such as solid board, graphic board and bag-in-box. The company’s operating segments consists of Europe and Americas. Europe segment includes a system of mills and plants which primarily produces containerboard. Americas segment comprises forestry, paper, corrugated, paper sack and folding carton activities. Smurfit Kappa Group PLC is headquartered in Dublin, Ireland. “

Suburban Propane Partners, L.P. (NYSE:SPH) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Suburban Propane Partners, L.P., a publicly traded Delaware limited partnership is engaged, through subsidiaries, in the retail and wholesale marketing of propane and related appliances and services. The Partnership believes it is the third largest retail marketer of propane in the United States, Suburban Propane Partners serves active residential, commercial, industrial and agricultural customers from customer service centers in over 40 states. The Partnership’s operations are concentrated in the east and west coast regions of the United States. “

S&T Bancorp (NASDAQ:STBA) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “S & T BANCORP, INC. is a bank holding company which is engaged in general banking business. The Bank is a full service bank with its main office in Indiana, Pennsylvania, providing service to its customers through a branch of 34 offices located in Armstrong, Allegheny, Indiana, Jefferson, Clearfield and Westmoreland counties. The Bank’s services include accepting time and demand deposit accounts, making secured and unsecured commercial and consumer loans, providing letters of credit, and offering discount brokerage services, personal financial planning and credit card services. “

STADA ARZNEIMITTEL NPV(REGD) (VINKULIERT) (NASDAQ:STDAF) was downgraded by analysts at Zacks Investment Research from a strong-buy rating to a hold rating. According to Zacks, “Stada Arzneimittel AG manufactures pharmaceuticals for pain, women’s health, cardiovascular conditions and diabetes. The company’s branded product consists of Grippostad (R) and Ladival(R). Stada Arzneimittel AG is headquartered in Bad Vilbel, Germany. “

Sterling Construction Company (NASDAQ:STRL) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Sterling Construction Company, Inc. is a holding company which has historically operated as a wholesale distributor to the automotive aftermarket and construction through two subsidiaries, Steel City Products and Dowling’s Fleet Service. “

Sunoco (NYSE:SUN) was downgraded by analysts at J P Morgan Chase & Co from an overweight rating to a neutral rating.

SunCoke Energy Partners, L.P. (NYSE:SXCP) was downgraded by analysts at Zacks Investment Research from a hold rating to a strong sell rating. According to Zacks, “SunCoke Energy Partners L.P. manufactures metallurgical coke used in the blast furnace production of steel. SunCoke Energy Partners, L.P. is based in Lisle, Illinois. “

Sensient Technologies Corporation (NYSE:SXT) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Sensient Technologies Corporation is a leading global supplier of colors, flavors and fragrances. Using sophisticated technologies at facilities around the world, the Company develops unique formulations and ingredients that bring life to its customers’ products. Sensient manufactures a full range of ink-jet inks, cosmetic and pharmaceutical additives, as well as colors and flavors for many of the world’s best-known brands. (Press Release) “

Territorial Bancorp (NASDAQ:TBNK) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Territorial Bancorp, Inc. intends to operate as the bank holding company for Territorial Savings Bank, a federally chartered, FDIC-insured savings bank, which provides financial services to individuals, families, and businesses. Territorial Savings Bank accepts deposits; originates home equity loans and lines of credit, construction, commercial and other non-residential real estate loans, consumer loans, multi-family mortgage loans, and other loans; offers various deposit accounts, including passbook and statement savings accounts, certificates of deposit, money market accounts, commercial and regular checking accounts, and Super NOW accounts; engages in insurance agency activities; and provides various non-deposit investments, such as annuities and mutual funds through a third-party broker-dealer. Territorial Bancorp, Inc. is based in Honolulu, Hawaii with banking offices located throughout the State of Hawaii. “

First Financial Corporation Indiana (NASDAQ:THFF) was downgraded by analysts at Zacks Investment Research from a buy rating to a sell 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. “

Talend (NASDAQ:TLND) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Talend SA is a provider of big data and cloud integration solutions. Its commercial products are Data Fabric, Big Data Integration, Real-Time Big Data, Data Preparation, Data Integration, Cloud Integration, Data Quality, Application Integration, Master Data Management and metadata Manager. The company also provides technical support; and consulting and training services. Talend SA is based in Suresnes, France. “

Timken Steel Corporation (NYSE:TMST) was downgraded by analysts at Zacks Investment Research from a buy rating to a sell rating. According to Zacks, “TimkenSteel Corporation engages in manufacturing alloy steel, as well as carbon and micro-alloy steel. The company provides air-melted alloy steel bars, tubes, and precision components, as well as value-added services, including thermal treatment and machining. Its customers include companies in the market sectors: oil & gas; automotive; industrial equipment; mining; construction; rail; aerospace and defence; heavy truck; agriculture, and power generation. TimkenSteel Corporation is headquartered in Canton, Ohio. “

William Hill plc (LON:WMH) was downgraded by analysts at HSBC Holdings plc to a reduce rating. HSBC Holdings plc currently has GBX 255 ($3.19) target price on the stock, down from their previous target price of GBX 265 ($3.31).

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