Benzinga's Top Downgrades

Analysts at Bank of America downgraded Mattress Firm Holding Corp (NASDAQ: MFRM) from Neutral to Underperform. The target price for Mattress Firm has been lowered from $42 to $28. Mattress Firm shares tumbled 13.70 percent to $28.98 in pre-market trading. Jefferies downgraded J M Smucker Co (NYSE: SJM) from Buy to Hold. Smucker shares fell 0.86 percent to $142.00 in pre-market trading. Longbow Research downgraded Polaris Industries Inc. (NYSE: PII) from Neutral to Underperform. Polaris Industries shares fell 1.62 percent to close at $84.53 on Thursday. Analysts at Seaport Global downgraded Franklin Electric Co. (NASDAQ: FELE) from Accumulate to Neutral. The target price for Franklin Electric is set to $36. Franklin Electric shares declined 1.51 percent to close at $33.99 on Thursday. Citigroup downgraded Dynegy Inc. (NYSE: DYN) from Buy to Neutral. The target price for Dynegy has been raised from $20 to $21. Dynegy shares declined 1.64 percent to $20.40 in pre-market trading. Drexel Hamilton downgraded Corning Incorporated (NYSE: GLW) from Hold to Sell. Corning shares fell 2.40 percent to $20.53 in pre-market trading. Analysts at BMO Capital downgraded AbbVie Inc (NYSE: ABBV) from Outperform to Market Perform. AbbVie shares fell 1.47 percent to $59.86 in pre-market trading. Analysts at JP Morgan downgraded Western Refining, Inc. (NYSE: WNR) from Neutral to Underweight. Western Refining shares fell 3.47 percent to $20.84 in pre-market trading. Barclays downgraded LDR Holding Corp (NASDAQ: LDRH) from Overweight to Equal-weight. The target price for LDR Holding has been raised from $27 to $37. LDR Holding shares slipped 0.03 percent to close at $36.91 on Thursday.