Merck (MRK) (KMR) (MRX) (MTB) (BYD) (GS) Downgraded

Merck & Co Inc. (NYSE: MRK), Kinder Morgan Management (NYSE: KMR), Medicis Pharmaceuticals (NYSE: MRX), M&T Bank Co. (NYSE: MTB), Boyd Gaming (NYSE: BYD) and Goldman Sachs (NYSE: GS) were downgraded by analysts.

Kinder Morgan Management (KMR) was downgraded by Tudor Pickering from an “Accumulate” rating to a “Hold” rating.

Merck & Co Inc. (MRK) was downgraded by Jefferies Group (NYSE:JEF) from a “Buy” rating to a “Hold” rating. They have a price target of $40.00 on the company, up from $37.00.

Medicis Pharmaceuticals (MRX) was downgraded by Canaccord Genuity from a “Buy” rating to a “Hold” rating. They have a price target of $36.00 on the company, down from $38.00.

M&T Bank Co. (MTB) was downgraded by Bank of America (NYSE:BAC) from a “Buy” rating to a “Neutral” rating.

Boyd Gaming (BYD) was downgraded by JPMorgan Chase & Co. (NYSE:JPM) from a “Neutral” rating to an “Underweight” rating. They have a price target of $5.00 on the company.

Goldman Sachs (GS) was downgraded by Wells Fargo & Co. (NYSE:WFC) from an “Outperform” rating to a “Market Perform” rating.