Dendreon (DNDN) (WFR) (WLT) (NTSP) (ONNN) (NCIT) Downgraded

Dendreon Co. (NASDAQ: DNDN), MEMC Electronic Materials Inc (NYSE: WFR), Walter Energy (NYSE: WLT), NetSpend (NASDAQ: NTSP), ON Semiconductor (NASDAQ: ONNN) and NCI Inc (NASDAQ: NCIT) downgraded by analysts.

MEMC Electronic Materials Inc. (WFR) was downgraded by Kaufman Brothers from a “Buy” rating to a “Hold” rating. They have a price target of $7.00 on the company, down from $10.00.

Walter Energy (WLT) was downgraded by Keybanc from a “Buy” rating to a “Hold” rating.

NetSpend (NTSP) was downgraded by SunTrust (NYSE:STI) from a “Buy” rating to a “Neutral” rating.

ON Semiconductor (ONNN) was downgraded by ThinkEquity from a “Buy” rating to a “Hold” rating. They have a price target of $9.00 on the company.

NCI Inc. (NCIT) was downgraded by Wells Fargo & Co. (NYSE:WFC) from a “Market Perform” rating to an “Underperform” rating.

Dendreon Co. (DNDN) was downgraded by Collins Stewart from a “Buy” rating to a “Neutral” rating. They have a price target of $19.00 on the company, down from $55.00.