Wall Street Analysts Downgrade These Shares August 8th

Wall St. Watchdog reveals information on stock analysts’ downgrades for August 8th.

  • CSX (NYSE:CSX): Robert W. Baird downgraded its rating on these shares from Outperform to Neutral and changed its price target from $31 to $28.  About the company: CSX Corporation is an international freight transportation company. The Company provides rail, intermodal, domestic container-shipping, barging, and contract logistics services around the world. CSX’s rail transportation services are provided principally throughout the eastern United States.
  • JB Hunt Trans (NASDAQ:JBHT): Robert W. Baird downgraded its rating on these shares from Outperform to Neutral and changed its price target from $53 to $51.  About the company:  J.B. Hunt Transport Services, Inc. and its subsidiaries provide transportation and logistics services in the United States, Canada, and Mexico. The Company transports a variety of products including automotive parts, department store merchandise, paper and wood products, food and beverages, plastics, chemicals, and manufacturing materials and supplies.
  • Texas Roadhouse (NASDAQ:TXRH): Robert W. Baird downgraded its rating on this stock from Outperform to Neutral and changed its price target from $18 to $16.  About the company:  Texas Roadhouse, Inc. is a moderately priced, full service restaurant chain.
  • Cheesecake Factory (NASDAQ:CAKE): Robert W. Baird downgraded its rating on these shares from Outperform to Neutral and changed its price target to $38 from $30.  About the company: The Cheesecake Factory Incorporated operates casual dining restaurants under the name The Cheesecake Factory. The Company’s restaurants offer appetizers, sandwiches, pasta, various meats, and varieties of cheesecake. The Cheesecake Factory operates in the United States.
  • Sunpower (NASDAQ:SPWRA): Brigantine downgraded its rating on these shares from Hold to Sell and changed its price target to $11.  About the company: SunPower Corporation is an integrated solar products and services company that designs, manufactures and markets high-performance solar electric power technologies.
  • Argonaut Group (NASDAQ:AGII): RBC Capital Mkts downgraded its rating on these shares from Outperform to Sector Perform and changed its price target from $36 to $32.  About the company: Argo Group International Holdings, Ltd. offers property casualty insurance and reinsurance. The Company offers excess and surplus lines, select markets, and international specialty insurance.
  • Veolia Environnement (NYSE:VE): Brean Murray downgraded its rating on these shares from Buy to Hold and changed its price target to $38.  About the company: Veolia Environnement operates utility and public transportation businesses. The Company supplies drinking water, provides waste management services, manages and maintains heating and air conditioning systems, and operates rail and road passenger transportation systems.
  • Summit Hotel (INN): KeyBanc Capital Mkts downgraded its rating on these shares from Buy to Hold.  No price target was given.  About the company:  Summit Hotel Properties, Inc. is a hotel investment company.  The majority of the Company’s hotels operate under premium franchise brands owned by Marriott International, Inc., Hilton Worlwide, InterContinental Hotels Group and Hyatt Hotels and Resorts.
  • Texas Instruments (NYSE:TXN): FBR Capital downgraded its rating on these shares from Outperform to Mkt Perform and changed its price target to $36.  About the company: Texas Instruments Incorporated is a global semiconductor company that designs and supplies analog technologies, digital signal processing and microcontroller semiconductors. The Company also operates materials and controls, and educational and productivity solutions businesses. Texas Instruments has manufacturing or sales operations in countries around the world.

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