Analysts’ downgrades for Wednesday, September 26th:

Chefs’ Warehouse (NASDAQ:CHEF) was downgraded by analysts at Jefferies Financial Group Inc from a buy rating to a hold rating.

Ciena (NYSE:CIEN) was downgraded by analysts at UBS Group AG from a buy rating to a hold rating. The firm currently has $33.00 target price on the stock.

Cabot Oil & Gas (NYSE:COG) was downgraded by analysts at Morgan Stanley from an overweight rating to a hold rating.

Intl Cons Airl/S (OTCMKTS:ICAGY) was downgraded by analysts at UBS Group AG from a buy rating to a neutral rating.

Kosmos Energy (NYSE:KOS) was downgraded by analysts at Raymond James from a strong-buy rating to an outperform rating.

Lam Research (NASDAQ:LRCX) was downgraded by analysts at UBS Group AG from a buy rating to a neutral rating.

Manhattan Associates (NASDAQ:MANH) was downgraded by analysts at SunTrust Banks, Inc. from a buy rating to a hold rating. They noted that the move was a valuation call. The analysts noted that the move was a valuation call.

Nevsun Resources (NYSEAMERICAN:NSU) was downgraded by analysts at Zacks Investment Research from a hold rating to a strong sell rating. According to Zacks, “NEVSUN RESOURCES LTD., is a natural resource company engaged in the acquisition, exploration, development and production of mineral properties. The Company’s portfolio is focused on properties in Africa with gold and base metal (copper and zinc) resources/reserves. The Company’s principal mineral properties are the Bisha property located in Eritrea, North-East Africa. “

Paycom Software (NYSE:PAYC) was downgraded by analysts at Bank of America Corp from a buy rating to a neutral rating. They noted that the move was a valuation call. The analysts noted that the move was a valuation call.

PCM (NASDAQ:PCMI) was downgraded by analysts at Zacks Investment Research from a strong-buy rating to a hold rating. According to Zacks, “PCM Inc. is a technology solutions provider to businesses, government and educational institutions and individual consumers. The Company’s operating segments consists of Commercial, Public Sector and MacMall. It offers technology products and solutions as well as consumer electronics equipment and other consumer products. PCM Inc., formerly known as PC Mall, Inc., is headquartered in El Segundo, California. “

Synchrony Financial (NYSE:SYF) was downgraded by analysts at Bank of America Corp from a buy rating to a hold rating. The firm currently has $34.00 price target on the stock.

Telenet Group (OTCMKTS:TLGHF) was downgraded by analysts at Barclays PLC from an overweight rating to an equal weight rating.

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