Today's most important downgrades

Jefferies downgraded Starbucks (NASDAQ: SBUX) to Hold from Buy with a price target of $100.00 as the risk/reward now appears balanced following investments into the biz and growth concerns earlier this year.

Wolfe Research downgraded Palantir Technologies Inc. (NYSE: PLTR) to Underperform from Peer Perform with a price target of $4.50, expecting revenue to decelerate further while the margin degradation should continue as the company continues to invest.

Canaccord Genuity downgraded Coupa Software (NASDAQ: COUP) to Hold from Buy with a price target of $81.00.

Wedbush downgraded Papa John's (NASDAQ: PZZA) to Neutral from Outperform and raised its price target to $92.00 from $85.00.

Morgan Stanley downgraded Ionis Pharmaceuticals (NASDAQ: IONS) to Equalweight from Overweight and lowered its price target to $40.00 from $56.00.

By Davit Kirakosyan

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