Analysts Downgrades – RVBD, BMI, CY, GDI, IBKC, IBKC

The following stocks have recently had their ratings downgraded by stock analysts.

Riverbed Technology (NASDAQ:RVBD) Mizuho has downgraded Riverbed Technology’s rating
from: Buy – to – Neutral
Target Price: $22.00 . Riverbed Technology, Inc has developed innovative and comprehensive solutions to the fundamental problems associated with IT performance across wide area networks (WANs).

Badger Meter (NYSE:BMI) Canaccord Genuity has downgraded Badger Meter’s rating
from: Buy – to – Hold. Badger Meter is a manufacturer and marketer of products incorporating liquid flow measurement and control technologies.

Cypress Semi (NYSE:CY) Capstone Investments has downgraded Cypress Semi’s rating
from: Buy – to – Hold. Cypress Semiconductor Corporation designs, develops, manufactures and markets high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and system value.

Gardner Denver (NYSE:GDI) Capstone Investments has downgraded Gardner Denver’s rating
from: Buy – to – Hold. Gardner Denver, Inc. designs, manufactures and markets engineered industrial machinery and related parts and services.

IberiaBank (NASDAQ:IBKC) Stifel Nicolaus has downgraded IberiaBank’s rating
from: Buy – to – Hold. IBERIABANK Coporation is a financial holding company, which offers commercial and retail banking products and services to customers through IBERIABANK and Pulaski Bank.

IberiaBank (NASDAQ:IBKC) Wunderlich has downgraded IberiaBank’s rating
from: Buy – to – Hold
Target Price: $55.00 . IBERIABANK Coporation is a financial holding company, which offers commercial and retail banking products and services to customers through IBERIABANK and Pulaski Bank.

Riverbed Technology (NASDAQ:RVBD) Cantor Fitzgerald has downgraded Riverbed Technology’s rating
from: Buy – to – Hold
Target Price: $27.00 . Riverbed Technology, Inc has developed innovative and comprehensive solutions to the fundamental problems associated with IT performance across wide area networks (WANs).

SanDisk (NASDAQ:SNDK) Deutsche Bank has downgraded SanDisk’s rating
from: Buy – to – Hold
Target Price: $35.00 . Sandisk Corporation designs, develops, markets and manufactures flash storage card products used in a number of consumer electronics products.

PACCAR (NASDAQ:PCAR) Avondale has downgraded PACCAR’s rating
from: Mkt Outperform – to – Mkt Perform
Target Price: $43.00 . PACCAR Inc. is a technology company, which designs, manufactures and distributes high-quality, light, medium and heavy duty commercial trucks and related aftermarket parts and the financing and leasing of its trucks and related equipment.

Navistar (NYSE:NAV) Avondale has downgraded Navistar’s rating
from: Mkt Outperform – to – Mkt Perform
Target Price: $43.00 . Navigator Resources Ltd is a gold producer company with gold and REE projects located in Western Australia. It focusses on exploration at the Leonora and Bronzewing gold project.

National Penn (NASDAQ:NPBC) Boenning & Scattergood has downgraded National Penn’s rating
from: Outperform – to – Neutral. National Penn Bancshares is a bank holding company, which through its subsidiary, National Penn Bank, provides a diversified range of financial services.

Riverbed Technology (NASDAQ:RVBD) Capstone Investments has downgraded Riverbed Technology’s rating
from: Buy – to – Hold. Riverbed Technology, Inc has developed innovative and comprehensive solutions to the fundamental problems associated with IT performance across wide area networks (WANs).

Riverbed Technology (NASDAQ:RVBD) RBC Capital Mkts has downgraded Riverbed Technology’s rating
from: Outperform – to – Underperform
Target Price: $20.00 . Riverbed Technology, Inc has developed innovative and comprehensive solutions to the fundamental problems associated with IT performance across wide area networks (WANs).

Riverbed Technology (NASDAQ:RVBD) Oppenheimer has downgraded Riverbed Technology’s rating
from: Outperform – to – Perform. Riverbed Technology, Inc has developed innovative and comprehensive solutions to the fundamental problems associated with IT performance across wide area networks (WANs).

Riverbed Technology (NASDAQ:RVBD) Northland Securities has downgraded Riverbed Technology’s rating
from: Outperform – to – Market Perform. Riverbed Technology, Inc has developed innovative and comprehensive solutions to the fundamental problems associated with IT performance across wide area networks (WANs).

Meritor (NYSE:MTOR) Avondale has downgraded Meritor’s rating
from: Mkt Outperform – to – Mkt Perform
Target Price: $8.00 . Meritor, Inc. is a global supplier of drivetrain, mobility, braking and aftermarket solutions for commercial vehicle and industrial markets.

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