Avon (AVP) (RYL) (SKT) (SM) (ALU) (BAP) Downgraded

Avon Products, Inc. (NYSE: AVP), The Ryland Group, Inc. (NYSE: RYL), Tanger Factory Outlet Centers Inc. (NYSE: SKT), SM Energy (NYSE: SM), Alcatel Lucent (NYSE: ALU) and Credicorp Ltd. (NYSE: BAP) were downgraded by analysts.

Avon Products, Inc. (AVP) was downgraded by Jefferies (NYSE:JEF) from a “Buy” rating to a “Hold” rating. They have a price target of $20.00 on the company.

The Ryland Group, Inc. (RYL) was downgraded by KeyBanc from a “Buy” rating to a “Hold” rating.

Tanger Factory Outlet Centers Inc. (SKT) was downgraded by Jefferies (NYSE:JEF) from a “Buy” rating to a “Hold” rating.

SM Energy (SM) was downgraded by Raymond James (NYSE:RJF) from a “Strong Buy” rating to an “Outperform” rating.

Alcatel Lucent (ALU) was downgraded by JPMorgan Chase & Co. (NYSE:JPM) from an “Overweight” rating to a “Neutral” rating.

Credicorp Ltd. (BAP) was downgraded by HSBC (NYSE:HBC) from a “Neutral” rating to an “Underweight” rating.