Benzinga’s Top Downgrades (FII, NPBC, TX, TII, ABFS)

Federated Investors, Inc. (NYSE: FII) declined 2% to $25.50 in the pre-market session after Federated Investors was downgraded by FBR Capital to Underperform from Market Perform and the price target set to $23. The 52-week trading range for Federated Investors is $16.18 - $28.31. FII closed at $26.02 in the previous trading session. National Penn Bancshares, Inc. (NASDAQ: NPBC) climbed 2.35% to $6.09 despite being downgraded by B. Riley & Co to Neutral from Buy. In the last six months, National Penn Bancshares has gained over 31%. The 52-week trading range for NPBC is $3.59 - $11.32. NPBC closed at $5.95 in the previous trading session. Ternium S.A. (ADR) (NYSE: TX) was downgraded today by Barclays Capital to Equal Weight from Overweight but the price target increased from $36 to $38. In the last six months, TX has gained over 55%. Ternium S.A. (ADR) closed at $30.73 in the previous trading session. The 52-week trading range for TX is $5.46 - $38.34. Telmex Internacional, S.A.B. DE CV (ADR) (NYSE: TII) moved down 0.45% to $17.70 in the pre-market session. Telmex Internacional was downgraded today by Barclays Capital to Equal Weight from Overweight. The 52-week trading range for TII is $6.43 - $18.98. In the last six months, TII has gained over 39%. Arkansas Best Corporation (NASDAQ: ABFS) fell 0.25% to $23.47 after Arkansas Best Corporation was downgraded by Robert W. Baird from Neutral to Underperform and the price target reduced from $27 to $23. In the last trading session, Arkansas Best Corporation closed at $23.53.The 52 week trading range for ABFS is $15.84 - $34.56.