Imperial Capital downgraded Identive Group (NASDAQ: INVE) from Outperform to In-Line and lowered its price target from $2.75 to $1.25 in a research report published today.

In the report, Imperial Capital stated, "We ...

KeyBanc Capital Markets downgrades Cost Plus (NASDAQ: CPWM) from Buy to Hold as shares reach its previous price target of $22 (now suspended).

KeyBanc Capital Markets comments, "Cost Plus, Inc. (CPWM-NASDAQ) reported strong 1Q12 EPS that was $0.04 above the high-end of guidance. Furthermore, Cost Plus posted ...

Analysts at Deutsche Bank downgraded shares of Vitamin Shoppe (NYSE: VSI) from Buy to Hold on Thursday morning, saying that it would be "prudent to take profits after recent spike," as they see limited near-term catalysts for the stock. During Thursday's trading session, VSI shares were last trading down ...

Listed below are today's Top Downgrades at Benzinga:

Deutsche Bank Downgrades Advance Auto Parts (NYSE: AAP) to Hold:

Deutsche Bank writes, "Our Buy rating had been predicated on market share gains, particularly in the commercial business, improvements in DIY and expense savings. This had worked since our initiation with a Buy and the stock had outperformed even with recent weakness, up 17.9% YTD compared to the market up 5.3% and the S&P Retail Index up 17.7%. But, AAP's comp of 2.1% against easier comparison compared to ORLY's (Hold,$97.54) comp of 6.1% through March 31 and AZO's (Hold,$376.38) 5.9% through February 11th shows share loss even in the face of what appears to be improving industry data. As comparisons become more difficult, we'd expect trends to remain challenged. So, it looks like the ...

KeyBanc Capital Markets reduces its rating on Cintas Corporation (NASDAQ: CTAS) from Buy to Hold and suspends its ...

Deutsche Bank has published a research report on Advance Auto Parts (NYSE: AAP) and has downgraded the company from Buy to Hold as outlook for the company has changed.

In the report, Deutsche Bank writes, "Our Buy rating had been predicated on market share gains, particularly in the commercial business, improvements in DIY and expense savings. This had worked since ...

Wells Fargo downgraded Abercrombie & Fitch Co (NYSE: ANF) from “outperform” to “market perform.” ANF's shares closed at $39.50 yesterday. Abercrombie & Fitch's PEG ratio is 0.57.

Analysts at Goldman Sachs downgraded Green ...

According to Deutsche Bank, Vitamin Shoppe (NYSE: VSI) is downgraded to Hold.

Deutsche said that it still has a very positive outlook on the health supplement ...

Thursday, May 17, 2012

This is your Benzinga news summary and trader's outlook covering headlines from overnight and today's pre-market session.

According to Goldman Sachs, Green Dot (NASDAQ: GDOT) is downgraded to Neutral.

Goldman Sachs said that it downgraded GDOT to Neutral from Buy, as it now expects ...

According to Citi, FLY Leasing (NYSE: FLY) is downgraded to Neutral.

Citi said that it has re-run its portfolio market valuations. “We estimate a ...

Listed below are today's Top Downgrades at Benzinga:

JP Morgan Downgrades KLA-Tencor (NASDAQ: KLAC) to Underweight:

JP Morgan said, "[We] are downgrading KLAC and other SemiCap stocks (LRCX/NVLS) to Underweight from Neutral. In addition, we are trimming our C12 rev/PF EPS estimates and price target. We expect semi capex in C2H12 to trend lower as foundry capex declines and memory and logic capex looks to remain relatively low. While we don't expect the down cycle to be severe, we think it's a good time for investors to take some profits and look for outperformance elsewhere."

Imperial Capital Downgrades Summer Infant (NASDAQ: SUMR) to In-Line:

Imperial Capital said, "We are downgrading our ...

According to a research report published this morning, J.P. Morgan has downgraded both Lam Research (NASDAQ: LRCX) and Novellus (NASDAQ: NVLS) from Neutral to Underweight.

J.P. Morgan said in the report, "[We] are downgrading LRCX/NVLS and another SemiCap stock (KLAC) to ...

According to a research report published this morning, J.P. Morgan has downgraded KLA-Tencor (NASDAQ: KLAC) from Neutral to Underweight, and lowered PT from $54 to $42.

In the report, J.P. Morgan said, "[We] are downgrading KLAC and other ...

According to a research report published this morning, Imperial Capital has downgraded Summer Infant (NASDAQ: SUMR) from Outperform to In-Line, and lowered PT from $9 to $5.

In the report, Imperial Capital said, "We are ...

(Updates with specific bank downgrades) Moody's Investors Service downgraded 16 Spanish banks and Santander UK PLC, a U.K.-domiciled subsidiary of Banco Santander SA (STD, SAN.MC), the latest blow for a country already facing economic recession, surging unemployment and a five-year property bust. Moody's said the downgrades--which range from one to three notches--primarily reflect the concurrent downgrades of most of these banks' standalone credit assessments.

SAN FRANCISCO (MarketWatch) -- Moody's Investors Service on Thursday lowered ratings of 16 Spanish banks and Banco Santander's U.K.-based subsidiary by one to three notches. Moody's cited unfavorable operating conditions on renewed recession, reduced creditworthiness of the Spanish sovereign, and rapid deterioration in asset quality for the downgrades. The outlooks on ten of the banks are negative while ratings of seven other banks remain on review for further downgrade. Some of the affected banks include Banco Santander SA, Banco Espanol de Credito, Banco Bilbao Vizcaya Argentaria SA, Caixabank, and Ceca.

U.S. stocks drop on Thursday, with the Dow industrials down for an 11th out of 12 sessions, as a disappointing gauge of manufacturing in the Philadelphia region adds to worries about Europe.

Brazilian and Mexican stocks fall, extending a run of losses as anxiety over Europe’s debt crisis overshadowed better-than-expected economic reports from Latin America’s largest economies.