AK Steel (AKS) (RGLD) (WATG) (BRCD) (TSS) (CAAS) Downgraded

AK Steel Holding Co. (NYSE: AKS), Royal Gold, Inc. (NASDAQ: RGLD), Wonder Auto Technology Inc (NASDAQ: WATG), Brocade Communications Systems, Inc. (NASDAQ: BRCD), Total System Services, Inc. (NYSE: TSS) and China Automotive Systems Inc. (NASDAQ: CAAS) downgraded by analysts.

Wonder Auto Technology Inc. (WATG) was downgraded by analysts at Brean Murray from a “Buy” rating to a “Hold” rating.

AK Steel Holding Co. (AKS) was downgraded by Keybanc from a “Buy” rating to a “Hold” rating.

Brocade Communications Systems, Inc. (BRCD) was downgraded by Goldman Sachs (NYSE:GS) from a “Neutral” rating to a “Sell” rating. They have a price target of $3.30 on the company.

Total System Services, Inc. (TSS) was downgraded by Goldman Sachs from a “Buy” rating to a “Neutral” rating.

China Automotive Systems Inc. (CAAS) was downgraded by Brean Murray from a “Buy” rating to a “Hold” rating.

Royal Gold, Inc. (RGLD) was downgraded by UBS AG (NYSE:UBS) from a “Buy” rating to a “Neutral” rating.

Disney (DIS) (UPL) (CAAS) (JRCC) (PAET) (GMR) Downgraded

Walt Disney (NYSE: DIS), Ultra Petroleum Corp. (NYSE: UPL), China Automotive Systems Inc. (NASDAQ: CAAS), James River Coal Company (NASDAQ: JRCC), PAETEC Holding Corp. (NASDAQ: PAET) and General Maritime Co. (NYSE: GMR) downgraded by analysts.

Ultra Petroleum Corp. (UPL) was downgraded by Howard Weil from an “Outperform” rating to a “Market Perform” rating. They have a price target of $55.00 on the company.

China Automotive Systems Inc. (CAAS) was downgraded by Maxim Group from a “Buy” rating to a “Hold” rating.

Walt Disney (DIS) was downgraded by Wunderlich from a “Buy” rating to a “Hold” rating. They have a price target of $39.00 on the company, down from $42.00.

James River Coal Company (JRCC) was downgraded by Brean Murray from a “Buy” rating to a “Hold” rating.

PAETEC Holding Corp. (PAET) was downgraded by RBC Capital from an “Outperform” rating to a “Sector Perform” rating. They have a price target of $5.00 on the company, down from $6.00.

General Maritime Co. (GMR) was downgraded by FBR Capital from an “Outperform” rating to a “Market Perform” rating.

China Automotive Systems (CAAS) Not in Compliance Says NASDAQ

China Automotive Systems, Inc. (Nasdaq:CAAS), which primarily manufactures power steering systems and other component parts for the automotive industry in China, received notification from NASDAQ that they weren't in compliance the continued listing requirements.

Citing NASDAQ Listing Rule 5250(c)(1), the exchange said CAAS hasn't met the requirements of the timely filing of SEC periodic reports.

At this time it's more of a reminder communication, as it'll have no effect in the immediate future on the trading of shares on the exchange or its listing.

China Automotive Systems closed Friday at $9.14, gaining $0.33, or 3.75 percent.