#Downgrades - Sep 03, 2024 $NVS: Jefferies Downgrades to Hold from Buy - PT $123.50 $SPG: Piper Sandler Downgrades to Neutral from Overweight - PT $175 (from $190) $JPM: Deutsche Bank Downgrades to Hold from Buy - PT $235 $MA: Exane BNP Paribas Downgrades to Neutral from Outperform - PT $470 $CAL: Loop Capital Downgrades to Hold from Buy $XYL: TD Cowen Downgrades to Hold from Buy - PT $138 $CME: BofA Securities Downgrades to Underperform from Neutral - PT $177 (from $212) $SPHR: Benchmark Downgrades to Sell from Hold