Benzinga's Top Downgrades

Analysts at Baird downgraded Caterpillar Inc. (NYSE: CAT) to Neutral. The target price for Caterpillar has been lowered from $89 to $77. Caterpillar shares closed at $74.39 yesterday. Raymond James downgraded Sovran Self Storage Inc (NYSE: SSS) from Outperform to Market Perform. Sovran Self Storage shares closed at $88.85 yesterday. Analysts at Keefe Bruyette & Woods downgraded First Connecticut Bancorp Inc (NASDAQ: FBNK) from Outperform to Market Perform. The target price for First Connecticut Bancorp is set to $17.50. First Connecticut Bancorp shares closed at $16.67 yesterday. Analysts at Raymond James downgraded Pericom Semiconductor (NASDAQ: PSEM) from Outperform to Market Perform. Pericom Semiconductor shares closed at $16.77 yesterday. UBS downgraded Diana Shipping Inc. (NYSE: DSX) from Neutral to Sell. Diana Shipping shares closed at $6.59 yesterday. Deutsche Bank downgraded Ciena Corporation (NYSE: CIEN) from Buy to Hold. CIENA shares closed at $22.97 yesterday. Analysts at Raymond James downgraded NetSuite Inc (NYSE: N) from Market Perform to Underperform. Netsuite shares closed at $88.01 yesterday.