Today: Stock Analysts’ Downgrade for November, 28th (ASB, BCO, BPFH, C, CCBG, CEB, CRHM, CTS, CVE, GSBD)

Today: Stock Analysts’ Downgrade for November, 28th (ASB, BCO, BPFH, C, CCBG, CEB, CRHM, CTS, CVE, GSBD)

Stock Analysts’ downgrades for Monday, November 28th:

Associated Banc-Corp (NYSE:ASB) was downgraded by analysts at Jefferies Group from a buy rating to a hold rating.

Brink’s (NYSE:BCO) was downgraded by analysts at Gabelli from a buy rating to a hold rating.

Boston Private Financial Holdings (NASDAQ:BPFH) was downgraded by analysts at Jefferies Group from a buy rating to a hold rating.

Citigroup (NYSE:C) was downgraded by analysts at Jefferies Group from a buy rating to a hold rating.

Capital City Bank Group (NASDAQ:CCBG) was downgraded by analysts at Hovde Group from an outperform rating to a market perform rating. They currently have $21.00 target price on the stock, up from their previous target price of $15.75.

CEB (NYSE:CEB) was downgraded by analysts at RBC Capital Markets from an outperform rating to a sector perform rating. RBC Capital Markets currently has $60.00 price target on the stock. They noted that the move was a valuation call. The analysts noted that the move was a valuation call.

CRH Medical Corp (NASDAQ:CRHM) was downgraded by analysts at RBC Capital Markets from an outperform rating to a sector perform rating.

CTS Corp. (NYSE:CTS) was downgraded by analysts at Sidoti from a buy rating to a neutral rating. They currently have $23.00 price target on the stock.

Cenovus Energy (NYSE:CVE) (TSE:CVE) was downgraded by analysts at Goldman Sachs Group Inc. from a conviction-buy rating to a buy rating.

Goldman Sachs BDC (NYSE:GSBD) was downgraded by analysts at National Securities from a buy rating to a neutral rating. They currently have $23.00 target price on the stock. The analysts wrote, “Downgrade: We are downgrading Goldman Sachs BDC Inc. (GSBD) to NEUTRAL from BUY and maintaining our $23 price target. This downgrade is solely a result of valuation and our investment thesis remains in-tact. We are maintaining our NII/share estimate for 2016 of $2.13 and our 2017 NII/share estimate of $2.15. Our $23 price target implies an estimated 2017 P/NII of 10.7x, dividend yield of 7.8%, and P/NAV of 1.19x compared to the BDC sector averages of 9.9x, 9.4%, and 0.90x, respectively.”

Huntington Bancshares (NASDAQ:HBAN) was downgraded by analysts at Jefferies Group from a buy rating to a hold rating.

HanesBrands (NYSE:HBI) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Estimates have been revised downward since the company reported lower than expected sales in the third quarter of 2016. Further, limited international exposure and a deep focus on premium brands remain concerns. However, it posted in line earnings of $0.56 after reporting a negative earnings surprise in the second quarter of 2016. The company was able to keep its trend of posting year-over-year growth in both the top and bottom lines during the period backed by the success of the Innovate-to-Elevate strategy. Higher sales in Innerwear and Activewear categories along with contributions from the acquired Knights Apparel business led to sales growth this quarter. We are encouraged by the company’s consistent innovations to maintain market share and a loyal customer base. Strong e-Commerce business and replenishment-driven nature of products as well as strategic buyouts help it to maintain top-line at decent levels.”

H&R Block (NYSE:HRB) was downgraded by analysts at BTIG Research from a neutral rating to a sell rating. The firm currently has $18.00 price target on the stock.

Heska Corp. (NASDAQ:HSKA) was downgraded by analysts at Sidoti from a buy rating to a neutral rating. They currently have $71.00 price target on the stock.

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

Mentor Graphics Corp. (NASDAQ:MENT) was downgraded by analysts at Credit Suisse Group AG from an outperform rating to a neutral rating. The firm currently has $37.25 target price on the stock, up from their previous target price of $34.00.

uniQure NV (NASDAQ:QURE) was downgraded by analysts at Jefferies Group from a buy rating to a hold rating. Jefferies Group currently has $8.00 price target on the stock, down from their previous price target of $28.00.

Robert Half International (NYSE:RHI) was downgraded by analysts at RBC Capital Markets from an outperform rating to a sector perform rating. They currently have $46.00 target price on the stock, up from their previous target price of $41.00. They noted that the move was a valuation call. The analysts noted that the move was a valuation call.

Renasant Corp. (NASDAQ:RNST) was downgraded by analysts at Jefferies Group from a buy rating to a hold rating.

RWE AG (NASDAQ:RWEOY) was downgraded by analysts at HSBC from a hold rating to a reduce rating.

Spin Master Corp Sub Vtg Npv (NASDAQ:SNMSF) was downgraded by analysts at Piper Jaffray Cos. from an overweight rating to a neutral rating.

Sociedad Quimica y Minera de Chile SA (NYSE:SQM) was downgraded by analysts at Scotiabank from an outperform rating to a sector perform rating.

TCP Capital Corp. (NASDAQ:TCPC) was downgraded by analysts at National Securities from a buy rating to a neutral rating. They currently have $17.00 price target on the stock. The analysts wrote, “Downgrade: We are downgrading TCPC (TCP Capital Corp.) to NEUTRAL from BUY and maintaining our $17 price target. This downgrade is solely a result of valuation and our investment thesis remains in-tact. We are maintaining our 2016 NII/share estimate of $1.55 and our 2017 NII/share estimate of $1.63. Our $17 price target implies an estimated 2017 P/NII (Price/NII) of 10.4x, dividend yield of 8.5%, and P/NAV (Price/NAV) of 1.11x compared to the BDC sector averages of 9.9x, 9.4%, and 0.90x, respectively.”

TPG Specialty Lending (NYSE:TSLX) was downgraded by analysts at National Securities from a buy rating to a neutral rating. The firm currently has $19.00 price target on the stock. The analysts wrote, “Downgrade: We are downgrading TPG Specialty Lending (TSLX) to NEUTRAL from BUY and maintaining our $19 price target. This downgrade is solely a result of valuation and our investment thesis remains in-tact. We are maintaining our 2016 NII/share estimate of $1.82 and our 2017 NII/share estimate of $1.85. Our $19 price target implies an estimated 2017 P/NII of 10.3x, dividend yield of 8.2%, and P/NAV of 1.16x compared to the BDC sector averages of 9.9x, 9.4%, and 0.90x, respectively.”

Unum Group (NYSE:UNM) was downgraded by analysts at Compass Point from a buy rating to a neutral rating. They noted that the move was a valuation call. The analysts noted that the move was a valuation call.

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