Under Armour (UA) (HOV) (IPXL) (SNN) (JNJ) Downgraded

Under Armour, Inc. (NYSE: UA), Hovnanian Enterprises (NYSE: HOV), Impax Laboratories, Inc. (NASDAQ: IPXL), Smith & Nephew (NYSE: SNN) and Johnson & Johnson (NYSE: JNJ) were downgraded by analysts.

Under Armour, Inc. (UA) was downgraded by Needham & Company from a “Buy” rating to a “Hold” rating.

Hovnanian Enterprises (HOV) was downgraded by JPMorgan Chase & Co. (NYSE:JPM) from a “Neutral” rating to an “Underweight” rating.

Impax Laboratories, Inc. (IPXL) was downgraded by Goldman Sachs (NYSE:GS) to a “Sell” rating.

Smith & Nephew (SNN) was downgraded by Citigroup (NYSE:C) to a “Sell” rating.

Johnson & Johnson (JNJ) was downgraded by Goldman Sachs (NYSE:GS) from a “Buy” rating to a “Neutral” rating. They have a price target of $74.00 on the company.