Mercer (MERC) (MOLX) (PCL) (PFCB) (PGR) Downgraded

Mercer International Inc. (NASDAQ: MERC), Molex Inc (NASDAQ: MOLX), Plum Creek Timber Co. (NYSE: PCL), P.F. Chang’s China Bistro (NASDAQ: PFCB) and Progressive (NYSE: PGR) were downgraded by analysts.

Mercer International Inc. (MERC) was downgraded by BMO Capital Markets from an “Outperform” rating to a “Market Perform” rating.

Molex Inc. (MOLX) was downgraded by JPMorgan Chase & Co. (NYSE:JPM) from an “Overweight” rating to a “Neutral” rating. They have a price target of $23.00 on the company.

Plum Creek Timber Co. (PCL) was downgraded by BMO Capital Markets from an “Outperform” rating to a “Market Perform” rating.

P.F. Chang’s China Bistro (PFCB) was downgraded by Piper Jaffray (NYSE:PJC) from a “Neutral” rating to an “Underweight” rating. They have a price target of $24.00 on the company.

Progressive (PGR) was downgraded by Argus from a “Buy” rating to a “Hold” rating.