Apollo (AINV) (AIG) (VRTX) (ALU) (APH) (ASNA) Downgraded

Apollo Investment Corp. (NASDAQ: AINV), American International Group, Inc. (NYSE: AIG), Vertex Pharmaceuticals (NASDAQ: VRTX), Alcatel Lucent (NYSE: ALU), Amphenol Co. (NYSE: APH) and Ascena Retail Group Inc. (NASDAQ: ASNA) were downgraded by analysts.

Apollo Investment Corp. (AINV) was downgraded by Ladenburg Thalmann from a “Buy” rating to a “Neutral” rating. They have a price target of $8.25 on the company, down from $11.00.

American International Group, Inc. (AIG) was downgraded by Sandler O’Neill from a “Buy” rating to a “Hold” rating.

Vertex Pharmaceuticals (VRTX) was downgraded by RBC Capital from an “Outperform” rating to a “Sector Perform” rating. They have a price target of $48.00 on the company, down from $59.00.

Alcatel Lucent (ALU) was downgraded by Citigroup (NYSE:C) to a “Sell” rating.

Amphenol Co. (APH) was downgraded by Ticonderoga from a “Neutral” rating to a “Sell” rating. They have a price target of $38.00 on the company.

Ascena Retail Group Inc. (ASNA) was downgraded by BB&T (NYSE:BBT) from a “Buy” rating to a “Hold” rating.