Volvo (VOLVY) (DNSKY) (PPDI) (GGAL) (KLAC) (KMGB) Downgraded

Volvo (OTC: VOLVY), Danske Bank A/S (OTC: DNSKY), Pharmaceutical Product (NASDAQ: PPDI), Grupo Financiero Galicia S.A. (NASDAQ: GGAL), KLA-Tencor (NASDAQ: KLAC) and KMG Chemicals, Inc. (NASDAQ: KMGB) were downgraded by analysts.

Volvo (VOLVY) was downgraded by Deutsche Bank (NYSE:DB) from a “Buy” rating to a “Hold” rating.

Danske Bank A/S (DNSKY) was downgraded by Deutsche Bank from a “Buy” rating to a “Hold” rating.

Pharmaceutical Product (PPDI) was downgraded by Raymond James (NYSE:RJF) from an “Outperform” rating to a “Market Perform” rating.

Grupo Financiero Galicia S.A. (GGAL) was downgraded by Raymond James from an “Outperform” rating to a “Market Perform” rating.

KLA-Tencor (KLAC) was downgraded by RBC Capital from a “Sector Perform” rating to an “Underperform” rating. They have a price target of $32.00 on the company, down from $39.00.

KMG Chemicals, Inc. (KMGB) was downgraded by Canaccord Genuity from a “Buy” rating to a “Hold” rating. They have a price target of $15.00 on the company, down from $22.00.