Benzinga's Top Downgrades

Analysts at Jefferies & Company downgraded El Paso Electric Company (NYSE: EE) from “buy” to “hold.” EE's stock closed at $33.17 yesterday. El Paso Electric's PEG ratio is 2.93.

Analysts at Nomura downgraded CNOOC Limited (NYSE: CEO) from “buy” to “neutral.” CNOOC's shares closed at $234.81 yesterday. CNOOC's trailing-twelve-month ROA is 15.49%.

Analysts at CLSA downgraded Bank of America Corp (NYSE: BAC) from “buy” to “outperform.” BAC's shares closed at $9.57 yesterday. Bank of America's PEG ratio is -7.18.

Roth Capital downgraded Uroplasty Inc (NASDAQ: UPI) from “buy” to “neutral.” UPI's shares closed at $8.31 yesterday. Uroplasty's trailing-twelve-month ROE is -29.20%.