Equities Research Analysts’ Downgrades for March, 14th (ARTH, CLF, CMC, INOV, RBGLY, RGS, RM, RY, SASR, SBCF)
Arch Therapeutics (OTCMKTS:ARTH) was downgraded by analysts at Ifs Securities from a strong-buy rating to an outperform rating.
Cleveland-Cliffs (NYSE:CLF) was downgraded by analysts at Vertical Group from a hold rating to a sell rating.
Inovalon (NASDAQ:INOV) was downgraded by analysts at Morgan Stanley from an equal weight rating to an underweight rating. Morgan Stanley currently has $14.00 price target on the stock.
Reckitt Benckiser Group (OTCMKTS:RBGLY) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Reckitt Benckiser Group Plc engages in manufacturing and distributing household, toiletry, pharmaceutical and food products. The company offers antiseptic liquids, depilatory products, medicated sore throat products, condoms, cold/flu products, acne treatment products, analgesics and upper gastro-intestinal products, foot care and comfort footwear products, denture care and dry skin care products, fabric care products, surface care products and polishes/waxes. Reckitt Benckiser Group is based in Slough, the United Kingdom. “
Regis (NYSE:RGS) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Regis Corporation owns, franchises and operates beauty salons. Regis’ corporate and franchised locations operate under concepts such as Supercuts, SmartStyle, MasterCuts, Regis Salons, Sassoon Salon, Cost Cutters and First Choice Haircutters. Regis maintains ownership interests in Empire Education Group in the U.S. and the MY Style concepts in Japan. “
Regional Management (NYSE:RM) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Regional Management Corp. is a diversified specialty consumer finance company engaged in providing loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies and other traditional lenders. It offers Small Installment Loans, Large Installment Loans, Automobile Purchase Loans, Furniture and Appliance Purchase Loans and Insurance Products. The Company has operations primarily in South Carolina, Texas, North Carolina, Tennessee and Alabama. Regional Management Corp. is headquartered in Greenville, South Carolina. “
Royal Bank of Canada (NYSE:RY) (TSE:RY) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “ROYAL BANK of Canada operate under the master brand name of RBC. They are Canada’s largest bank as measured by assets and market capitalization, and one of North America’s leading diversified financial services companies. They provide personal and commercial banking, wealth management services, insurance, corporate and investment banking, and transaction processing services on a global basis. They have employee approximately Seventy Thousant full- and part-time employees who serve more than 15 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 36 other countries. “
Sandy Spring Bancorp (NASDAQ:SASR) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “SANDY SPRING is a bank holding company for Sandy Spring National Bank of Maryland. The bank is community oriented, and conducts a full-service commercial banking business through community offices located in Montgomery, Howard, Prince George’s and Anne Arundel counties in Maryland. “
Seacoast Banking Co. of Florida (NASDAQ:SBCF) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Seacoast Banking Corp of Florida is a bank holding company. Seacoast and its subsidiaries offer a full array of deposit accounts and retail banking services, engages in consumer and commercial lending and provides a wide variety of trust and asset management services, as well as securities and annuity products. “
Sally Beauty (NYSE:SBH) was downgraded by analysts at Zacks Investment Research from a strong-buy rating to a hold rating. According to Zacks, “Sally Beauty Holdings, Inc. is an international specialty retailer and distributor of professional beauty products supplier. Through the Sally Beauty Supply and Beauty Systems Group businesses, the Company sells and distributes through world. Sally Beauty Supply stores offer up to 9,000 products for hair, skin, and nails through professional lines such as OPI, China Glaze, Wella, Clairol, Conair and Hot Shot Tools, as well as an extensive selection of proprietary merchandise. Beauty Systems Group stores, branded as CosmoProf or Armstrong McCall stores, along with its outside sales consultants, sell up to 10,000 professionally branded products including Paul Mitchell, Wella, Matrix, Schwarzkopf, Kenra, Goldwell, Joico and Aquage, intended for use in salons and for resale by salons to retail consumers. “
Superior Drilling Products (NYSEAMERICAN:SDPI) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Superior Drilling Products, Inc. operates as a manufacturer and remanufacturer of PDC (polycrystalline diamond compact) drill bits and drill string tools for the oil, natural gas and mining services industries. It also provides manufacturing, leasing, and refurbishing of drill string tools to oil field services clients. Superior Drilling Products, Inc. is based in United States. “
Sunoco (NYSE:SUN) was downgraded by analysts at Goldman Sachs Group Inc from a neutral rating to a sell rating. The firm currently has $28.00 target price on the stock.
The Ultimate Software Group (NASDAQ:ULTI) was downgraded by analysts at Wedbush from an outperform rating to a neutral rating.
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