Alcoa (AA) (ULTI) (VLO) (WBMD) (ADSK) (BNS) Downgraded

Alcoa Inc. (NYSE: AA), The Ultimate Software Group, Inc. (NASDAQ: ULTI), Valero Energy Co. (NYSE: VLO), Webmd Health Corp. (NASDAQ: WBMD), Autodesk (NASDAQ: ADSK) and Bank of Nova Scotia (NYSE: BNS) were downgraded by analysts.

Alcoa Inc. (AA) was downgraded by Goldman Sachs (NYSE:GS) from a “Buy” rating to a “Neutral” rating.

The Ultimate Software Group, Inc. (ULTI) was downgraded by Canaccord Genuity from a “Buy” rating to a “Hold” rating.

Valero Energy Co. (VLO) was downgraded by Benchmark Co. from a “Buy” rating to a “Hold” rating. They have a price target of $23.00 on the company.

Webmd Health Corp. (WBMD) was downgraded by Raymond James (NYSE:RJF) from a “Strong Buy” rating to an “Outperform” rating.

Autodesk (ADSK) was downgraded by Goldman Sachs from a “Neutral” rating to a “Sell” rating.

Bank of Nova Scotia (BNS) was downgraded by Canaccord Genuity from a “Buy” rating to a “Hold” rating.