Veeco (VECO) (FITB) (TI) (UFS) (DRWI) (FII) Downgraded

Veeco Instruments Inc. (NASDAQ: VECO), Fifth Third Bancorp (NASDAQ: FITB), Telecom Italia (NYSE: TI), Domtar Corp. (NYSE: UFS), DragonWave Inc. (NASDAQ: DRWI) and Fed Investors (NYSE: FII) were downgraded by analysts.

Veeco Instruments Inc. (VECO) was downgraded by Piper Jaffray (NYSE:PJC) from an “Overweight” rating to a “Neutral” rating. They have a price target of $30.00 on the company.

Fifth Third Bancorp (FITB) was downgraded by Guggenheim from a “Buy” rating to a “Neutral” rating.

Telecom Italia (TI) was downgraded by Goldman Sachs (NYSE:GS) from a “Buy” rating to a “Neutral” rating.

Domtar Corp. (UFS) was downgraded by Deutsche Bank (NYSE:DB) from a “Buy” rating to a “Hold” rating. They have a price target of $80.00 on the company.

DragonWave Inc. (DRWI) was downgraded by CIBC from a “Sector Perform” rating to an “Underperform” rating.

Fed Investors (FII) was downgraded by Sterne Agee from a “Neutral” rating to an “Underperform” rating. They have a price target of $21.00 on the company, down from $22.00.