Juniper (JNPR) (IR) (LRY) (PCX) (SBGI) (SCHW) Downgraded

Juniper Networks (NASDAQ: JNPR), Ingersoll-Rand (NYSE: IR), Liberty Property (NYSE: LRY), Patriot Coal Corp (NYSE: PCX), Sinclair Broadcast Group Inc (NASDAQ: SBGI) and Charles Schwab (NASDAQ: SCHW) downgraded by analysts.

Juniper Networks (JNPR) was downgraded by Oppenheimer from an “Outperform” rating to a “Perform” rating. They have a price target of $46.00 on the company.

Ingersoll-Rand (IR) was downgraded by Argus from a “Buy” rating to a “Hold” rating.

Liberty Property (LRY) was downgraded by Janney Montgomery Scott from a “Buy” rating to a “Neutral” rating.

Patriot Coal (PCX) was downgraded by Goldman Sachs (NYSE:GS) from a “Buy” rating to a “Neutral” rating. They have a price target of $24.00 on the company.

Sinclair Broadcast Group (SBGI) was downgraded by JPMorgan Chase & Co. (NYSE:JPM) from an “Overweight” rating to a “Neutral” rating.

Charles Schwab (SCHW) was downgraded by Ticonderoga from a “Buy” rating to a “Neutral” rating.

Time Warner Cable (NYSE:TWC), Sinclair (Nasdaq:SBGI) Reach Multyear Pact

After months of wrangling, Time Warner Cable (NYSE:TWC) and Sinclair Broadcast Group (Nasdaq:SBGI) reached a multiyear agreement whereby TWC will continue to carry the 28 local Sinclair stations it had been carrying.

Last month the two companies extended the existing contract through February 21 while they hammered out the details of a new deal.

Time Warner Cable President and Chief Operating Officer Rob Marcus expressed his pleasure at being able to reach an agreement with Sinclair so its customers could enjoy uninterrupted service.

Details of the agreement weren't revealed by either company.

Separately, Time Warner Cable agreed to acquire NaviSite (Nasdaq:NAVI) for $274 million, including existing debt. This was a move toward cloud computing by TWC. NaviSite allows businesses to store their data online.

The deal valued NaviSite at $5.50 a share, a 33 percent premium over its close on Tuesday.

Time Warner Cable closed Wednesday at $69.33, gaining $0.60, or 0.87 percent.