Benzinga's Top Downgrades

Baird downgraded NetApp Inc. (NASDAQ: NTAP) from Outperform to Neutral. The target price for NetApp has been lowered from $35 to $27. NetApp shares closed at $23.55 on Wednesday. Analysts at JP Morgan downgraded Garmin Ltd. (NASDAQ: GRMN) from Neutral to Underweight. Garmin shares closed at $41.06 on Wednesday. Analysts at CLSA downgraded Hormel Foods Corp (NYSE: HRL) from Outperform to Underperform. Hormel Foods shares closed at $44.46 on Wednesday. Wunderlich downgraded EnLink Midstream LLC (NYSE: ENLC) from Buy to Hold. The target price for EnLink Midstream has been lowered from $17 to $8. EnLink Midstream shares closed at $7.18 on Wednesday. Credit Suisse downgraded Midcoast Energy Partners LP (NYSE: MEP) from Outperform to Underperform. The target price for Midcoast Energy Partners has been lowered from $16 to $5. Midcoast Energy Partners shares closed at $5.70 on Wednesday. Analysts at Wells Fargo downgraded LinnCo LLC (NASDAQ: LNCO) from Market Perform to Underperform. LinnCo shares closed at $0.282 on Wednesday. Analysts at Citigroup downgraded Ingram Micro Inc. (NYSE: IM) from Buy to Neutral. Ingram Micro shares closed at $29.65 on Wednesday. CL King downgraded Dunkin Brands Group Inc (NASDAQ: DNKN) from Buy to Neutral. Dunkin Brands shares closed at $44.00 on Wednesday. Analysts at Stephens & Co. downgraded Laredo Petroleum Inc (NYSE: LPI) from Overweight to Equal-weight. Laredo Petroleum shares closed at $5.07 on Wednesday. Analysts at UBS downgraded TeamHealth Holdings Inc (NYSE: TMH) from Buy to Neutral. Team Health Holdings shares closed at $37.25 on Wednesday.