Notable Downgrades: Bio-Reference Lab (BRLI), Visa Inc (V), Whole Foods Market (WFM), GT Advanced Tech (GTAT), Lululemon Athletica (LULU)

Analysts at Bank of America (BAC) downgraded their rating on the shares of Bio-Reference Laboratories Inc. (BRLI) to ‘Underperform’ from ‘Buy’ in a research report issued to clients and investors on Thursday. The target price has been lowered to $32.00/share. Bio-Reference Laboratories shares closed at $32.60 yesterday. The firm’s target price suggests a potential upside of 1.28% from the company’s current price of $29.70.

Analysts at Raymond James downgraded their rating on the shares of Visa Inc. (V) to ‘Market Perform’ from ‘Outperform’. Visa Inc.’s shares closed at $217.13 yesterday. The firm’s target price suggests a potential upside of about 8% from the company’s current price of $215.20. Currently Visa boasts nine “Strong Buys” endorsements, compared to 17 “Buys” and 5 “Holds”. No analysts rate it a ‘Sell.’ Visa has a median Wall Street price-per-share target of $250 with a high target of $281.00.

Analysts at Wedbush initiated coverage on Whole Foods Market, Inc. (WFM) with a ‘Neutral’ rating and a $40.00 price target in a research report issued to clients on Thursday. Whole Foods shares closed at $39.80 yesterday. The firm’s target price suggests a potential upside of 2.43% from the company’s current price of $39.07.

GT Advanced Technologies Inc. (GTAT) was downgraded by Raymond James analysts to ‘Underperform’ from ‘Market Perform’ rating Thursday. GT Advanced Technologies shares, which previously closed at $18.57, were down 3.61% at $17.85 in midday trade, moving within a 52-week range of $6.28 to $20.54.

Analysts at DA Davidson downgraded their rating on the shares of Lululemon (LULU) ahead of earnings to ‘Neutral’. The target price has been lowered to $44.00 from $46.00. The firm believes ticker’s new price-per-share appropriately reflects the balance of long-term growth potential and near-term execution risks. DA Davidson’s new PT suggests a potential downside of about 9% from the company’s current price of $40.42.

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