Benzinga's Top Downgrades

Analysts at Bank of America downgraded Protective Life Corporation (NYSE: PL) from “neutral” to “underperform”. The target price for Protective Life Corporation has been maintained at $34.00. Protective Life Corporation shares closed at $35.00 yesterday.

Analysts at Citigroup downgraded Lufkin Industries, Inc (NASDAQ: LUFK) from “buy” to “sell”. The target price for x has been raised from $75.00 to $88.50. Lufkin Industries shares closed at $87.96 yesterday.

Analysts at Keefe Bruyette & Woods downgraded Calamos Asset Management, Inc. (NASDAQ: CLMS) from “perform” to “underperform”. Calamos Asset Management shares closed at $11.27 yesterday.

Analysts at Oppenheimer downgraded Concur Technologies, Inc (NASDAQ: CNQR) from “perform” to “underperform”. Concur Technologies shares closed at $64.95 yesterday.