Ratings on (LDK) (LEAP) (PDCO) (GPS) Downgraded

Ratings on shares of LDK Solar (NYSE: LDK), Leap Wireless (NASDAQ: LEAP), Patterson Companies Inc (NASDAQ: PDCO) and The Gap Inc. (NYSE: GPS) were downgraded by analysts.

Kaufman Brothers analysts downgraded LDK Solar (LDK) from a “buy” rating to a “hold” rating. They have a price target of $8.00 on the company, down from $24.00.

JPMorgan Chase & Co. (NYSE:JPM) downgraded Leap Wireless (LEAP) from an “overweight” rating to a “neutral” rating. They have a price target of $16.00 on the company.

UBS AG (NYSE:UBS) downgraded Patterson Companies Inc (PDCO) from a “buy” rating to a “neutral” rating. They have a price target of $37.00 on the stock, up from $36.00. They cited valuation as the catalyst behind the call.

Piper Jaffray (NYSE:PJC) downgraded The Gap Inc. (GPS) from an “overweight” rating to a “neutral” rating. They have a price target of $19.00 on the company.