Blue Chip Downgraded Stocks are VRTX, ARMH, QLTY, FCX, CDCS

 Vertex (Nasdaq: VRTX) was downgraded by J.P. Morgan from Overweight to Neutral. Shares of VRTX  are down 2.50% to $38.70.

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CDC Software (Nasdaq: CDCS) was also downgraded by Morgan Keegan from Outperform to Market Perform. Shares of CDCS are up 3.32% to $11.05.

Freeport-McMoRan (NYSE: FCX) slid 0.85% to $84.94 after Deutsche Bank downgraded their rating on the company’s share from Buy to Hold and cut the price target by $15 to $95.

ARM Holdings plc (ADR) (NASDAQ:ARMH) was downgraded to sell from hold at Citigroup, which said the U.K. microchip designer's shares are too expensive. Shares of ARMH are down 3.65% to $10.86.

Quality Distribution (Nasdaq: QLTY) fell 3.85% to $7.50 after Stifel Nicolaus downgraded their rating on the company’s from Buy to Hold.

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