Benchmark Downgrades Savvis to Hold, Reduces PT to $40

Benchmark downgraded its rating on Savvis (NASDAQ: SVVS) from Buy to Hold. At the same time, Benchmark reduced its price target on the company's stock from $45 to $40. On Monday, Savvis added 0.13% to its value to finish the day at $39.59. Its shares retreated in today's pre-market trading, however, falling 1.49% to $39.