Kodiak (KOG) (OXY) (PNCL) (PNM) (SBMRY) Downgraded

Kodiak Oil & Gas Corp. (NYSE: KOG), Occidental Petroleum Co. (NYSE: OXY), Pinnacle Airlines Corp. (NASDAQ: PNCL), PNM Resources, Inc. (NYSE: PNM) and SABMiller plc (NASDAQ: SBMRY) were downgraded by analysts.

Kodiak Oil & Gas Corp. (KOG) was downgraded by Pritchard from a “Buy” rating to a “Neutral” rating.

Occidental Petroleum Co. (OXY) was downgraded by Citigroup (NYSE:C) from a “Buy” rating to a “Neutral” rating. They have a price target of $100.00 on the company.

Pinnacle Airlines Corp. (PNCL) was downgraded by Dahlman Rose from a “Hold” rating to a “Sell” rating. They have a price target of $0.75 on the company.

PNM Resources, Inc. (PNM) was downgraded by Wells Fargo & Co. (NYSE:WFC) from an “Outperform” rating to a “Market Perform” rating.

SABMiller plc (SBMRY) was downgraded by BNP Paribas from an “Outperform” rating to a “Neutral” rating.