Research Analysts’ downgrades for Monday, September 25th:

Akzo Nobel NV (OTCMKTS:AKZOY) was downgraded by analysts at Societe Generale from a buy rating to a hold rating.

Bank of Commerce Holdings (CA) (NASDAQ:BOCH) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Bank of Commerce Holdings is a financial service holding company that owns Redding Bank of Commerce, Roseville Bank of Commerce, a division of Redding Bank of Commerce and Bank of Commerce Mortgage, an affiliate of Redding Bank of Commerce and Roseville Bank of Commerce. “

Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Grupo Financiero Santander Mexico SAB de CV is engaged in providing various banking services primarily in Mexico. It provides multiple banking services, securities brokerage, financial advice services, as well as other related investment activities. The company also offers pension and investment funds; cards and other structured products; and treasury management, merchant, trust, life insurance, online collection, tax payment, payroll, and cash management services. Grupo Financiero Santander Mexico SAB de CV is based in Mexico City, Mexico. “

Broadwind Energy (NASDAQ:BWEN) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Broadwind Energy is a precision manufacturer of structures, equipment & components for clean tech and other specialized applications. Their most significant presence is within the U.S. wind energy industry, although they have diversified into other industrial markets in order to improve their capacity utilization and reduce their exposure to uncertainty related to favorable governmental policies currently supporting the U.S. wind energy industry. Within the U.S. wind energy industry, they provide products primarily to wind turbine manufacturers. Outside of the wind energy market, they provide precision gearing and specialty weldments to a broad range of industrial customers for oil and gas, mining, steel and other industrial applications. “

CB Financial Services (NASDAQ:CBFV) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “CB Financial Services, Inc. is the bank holding company for Community Bank, a chartered commercial bank. The Bank’s services include personal banking and business banking. It offers checking, loan accounts, individual retirement accounts, wealth management, certificates of deposit, recorder check, business checking accounts, business loans, cash management and re-order check. The Bank offers other services, including merchant services, financial and wealth management, wire transfers, credit card, ATM, and online banking services. It serves business owners, non-profit groups, government agencies, school administrators, and individual personal account holders in Pennsylvania. CB Financial Services, Inc. is based in Carmichaels, Pennsylvania. “

City Holding (NASDAQ:CHCO) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “City Holding Company is a multi-bank holding company that provides diversified financial products and services to consumers and local businesses. “

Caladrius Biosciences (NASDAQ:CLBS) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Caladrius Biosciences, Inc. is an immunotherapy company which specializes in cell process optimization, development and manufacturing. Its product candidate consists of NBS20, a targeted cancer immunotherapy product for the treatment of metastatic melanoma; NBS10, an ischemic repair product to preserve heart muscle function following an acute myocardial infarction and NBS03D, an immune modulation product for the treatment of diabetes which are in different clinical trials. Caladrius Biosciences, Inc., formerly known as NeoStem, Inc., is headquartered in New York. “

Credit Agricole Sa (NASDAQ:CRARY) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Credit Agricole S.A. markets a complete range of financial products and services. It offers savings, investments, life insurance, credit, payment and insurance services. Its activities are organized into three business lines: Central body: it ensures the cohesion and smooth functioning of the network, and represents the Group with banking authorities; Specialized business: it provides asset management, insurance, private banking, consumer credit, leasing, factoring and Banking and investment. The strength of its retail bank and know -how of its subsidiaries enable it to intervene in all areas of banking and finance. Credit Agricole is headquartered in Paris, France. “

China Shenhua Energy – (NASDAQ:CSUAY) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “China Shenhua Energy Company Limited is engaged in production and sales of coal, railway and port transportation of coal-related materials along with power generation and sales. It operates coal mines, railway network and seaports that are mainly used to transport its coal sales. The Company sells coal primarily to power plants and metallurgical producers. In addition, the company generates and sells coal-based power to provincial/regional electric grid companies. It operates a number of railways including Shenshuo-Shuohuang Railway, Huanghua Port, and Shenhua Tianjin Coal Berth. Moreover, China Shenhua also processes large-scale clean power business on a fast growing basis, which complements the Company’s coal business. China Shenhua Energy Company Limited is headquartered in Beijing, the People’s Republic of China. “

Jabil Circuit (NYSE:JBL) was downgraded by analysts at Bank of America Corporation 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.

Novo Nordisk A/S (NYSE:NVO) was downgraded by analysts at BNP Paribas from an outperform rating to a neutral rating.

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