Notable Downgrades: Splunk Inc (SPLK), Mobile TeleSystems (MBT), Sunesis Pharma (SNSS), Casella Waste Systems(CWST), Sungy Mobile (GOMO)

Mobile TeleSystems OJSC (ADR) (NYSE:MBT), a provider of a range of mobile and fixed line voice and data telecommunications services in Russia, was downgraded by Deutsche Bank (DB) analysts to ‘Hold’ from a ‘Buy’ rating Friday. Mobile TeleSystems shares were down 6.42% at $18.66 in premarket trading hours, moving within a 52-week range of $15.06 to $24.06.

Analysts at Wedbush downgraded shares of Sunesis Pharmaceuticals, Inc.(NASDAQ:SNSS) to ‘Neutral’ from ‘Outperform’. Sunesis Pharma has a market cap of $470.24 million and is part of the healthcare sector. Sunesis shares were down 3.60% at $7.50 in premarket trading hours, moving within a 52-week range of $3.84 to $8.46. Shares are up 64.14% year-to-date as of the close of trading on Thursday.

Analysts at Wedbush downgraded shares of Casella Waste Systems Inc.(NASDAQ:CWST) to ‘Neutral’ from ‘Outperform’ and lowered their price target to $5.00 from $6.00 in a research note issued to clients on Friday. CWST closed at $4.50 yesterday. Casella Waste Systems Inc. has a market cap of $180.49 million and is part of the industrial goods sector. Shares are down 22.41% year-to-date as of the close of trading on Thursday.

Analysts at Credit Suisse (CS) downgraded their rating on the shares of Sungy Mobile Ltd (NASDAQ:GOMO) to ‘Neutral’ from a ‘Outperform’ rating Friday. Sungy Mobile shares closed at $8.44 yesterday. GOMO has a market cap of $281.94 million and is part of the technology sector. Shares are down 59% year-to-date as of the close of trading on Thursday.

Analysts at FBR Capital lowered their price target on shares of Splunk Inc (NASDAQ:SPLK) to $67 from $80. Splunk, which had its price target also lowered to $60 from $70 at Canaccord, closed at $45.29 yesterday. FBR’s reduced target price suggests a potential upside of about 39% from the company’s current pre-market price of $47.49. Currently there are 6 analysts that rate Splunk Inc a ‘Strong Buy’, 13 rate it a ‘Buy’ and 6 rate it a ‘Hold’. No analysts rate it a ‘Sell.’ SPLK is down 34.05% year-to-date as of the close of trading on Thursday.

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