First Solar (FSLR) (ELGX) (PAYX) (VVUS) (GBNK) (GHL) Downgraded

First Solar, Inc. (NASDAQ: FSLR), Endologix, Inc. (NASDAQ: ELGX), Paychex, Inc. (NASDAQ: PAYX), VIVUS, Inc. (NASDAQ: VVUS), Guaranty Bancorp (NASDAQ: GBNK) and Greenhill & Co., Inc. (NYSE: GHL) were downgraded by analysts.

Endologix, Inc. (ELGX) was downgraded by Zacks Investment Research from a “Neutral” rating to an “Underperform” rating.

First Solar, Inc. (FSLR) was downgraded by Avian from a “Positive” rating to a “Neutral” rating.

Paychex, Inc. (PAYX) was downgraded by Credit Agricole to a “Sell” rating.

VIVUS, Inc. (VVUS) was downgraded by Leerink from an “Outperform” rating to a “Market Perform” rating.

Guaranty Bancorp (GBNK) was downgraded by Zacks Investment Research from a “Neutral” rating to an “Underperform” rating.

Greenhill & Co., Inc. (GHL) was downgraded by Zacks Investment Research from a “Neutral” rating to an “Underperform” rating.