Titan International (TWI -8.2%) adds to Friday's losses, bringing the two-day sell-off to ~14%....


Titan International (TWI -8.2%) adds to Friday's losses, bringing the two-day sell-off to ~14%. Jefferies downgrades the shares to Hold from Buy and cuts its FY13 EPS estimate to $1.75 from $2 citing comments from CEO Maurice Taylor last week regarding destocking. Not to be outdone, Feltl (Hold from Buy), William Blair (Market Perform from Outperform), and Janney Montgomery (Neutral from Buy) all cut their ratings on the shares as well.
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