Benzinga’s Top Downgrades (URBN, CPNO, ASCA, ANN)

Goldman Sachs downgraded Urban Outfitters (NASDAQ: URBN) from "buy" to "neutral." URBN slipped 1.31% to $33.22 in pre-market. URBN’s shares have gained 65.32% over the past 52 weeks, while S&P 500 has moved up 19.72%.

Copano Energy (NASDAQ: CPNO) was downgraded by UBS to “neutral” from “buy.” CPNO fell 0.68% to close at $27.83 yesterday. Copano Energy’s earnings are expected to fall 62.80% this year.

Banc of America/Merrill Lynch downgraded Ameristar Casinos (NASDAQ: ASCA) from "neutral" to "underperform." ASCA’s shares shed 1.66% to close at $14.81 yesterday. Ameristar Casinos’ quarterly earnings growth is -65.08%.

Ann Taylor (NYSE: ANN) was downgraded to “neutral” from “buy” by Goldman Sachs. ANN gained 0.06% to $17.22 in pre-market trading. Ann Taylor’s shares have jumped 142.05% over the past 52 weeks, while S&P 500 has moved up 19.72%.

More Analyst Ratings here.

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