Notable Downgrades: Adobe Systems (ADBE), Cummins Inc. (CMI), Analogic (ALOG), Bankrate (RATE),

Adobe Systems (ADBE) was assumed by RBC Capital Markets analysts with a ‘Sector Perform’ from ‘Outperform’ rating and $82.00 from $85.00 price target Tuesday. Adobe shares were down 0.37% at $70.01 in midday trade, moving within a 52-week range of $47.92 to $74.69.

Adobe Systems Inc. shares are currently priced at 134.65x this year’s forecasted earnings compared to the industry’s 12.28x earnings multiple. Ticker has a PEG and forward P/E ratio of 4.71 and 33.21, respectively. Price-to-sales for the same period is 8.51 while EPS is $0.52. Currently there are 5 analysts that rate ADBE a ‘Strong Buy’, 8 rate it a ‘Buy’ and 6 rate it a ‘Hold’. No analysts rate it a sell. ADBE has a median Wall Street price target of $80.00 with a high target of $87.00.

Shares of San Jose, California-based company are up 45.44% year-over-year and 16.93% year-to-date.

The chart below shows where the equity has traded over the last year, with the 50-day and 200-day moving averages included.

Shares of Cummins Inc. (CMI) were downgraded to a ‘Market Perform’ from ‘Outperform’ rating by Wells Fargo (WFC) on Tuesday.

CMI shares recently lost $1.00 to $136.91. The stock is up more than 2% year-over-year ; down 2.87% year-to-date. In the past 52 weeks, shares of the Columbus, Indiana-based company have traded between a low of $122.52 and a high of $161.03.

Cummins closed Monday at $137.91/share. The designer and manufacturer of diesel and natural gas engines has a total market cap of $25.01B.

The chart below shows where the equity has traded over the last year, with the 50-day and 200-day moving averages included.

Analogic Corporation (ALOG), a technology company that designs, manufactures, and sells medical imaging and security systems, was downgraded by Brean Capital analysts to ‘Hold’ from ‘Buy’ rating Tuesday.

Analogic Corporation shares are currently priced at 24.52x this year’s forecasted earnings compared to the industry’s 12.28x earnings multiple. Ticker has a PEG and forward P/E ratio of 1.07 and 12.29, respectively. Price/Sales for the same period is 1.63 while EPS is $2.78. Currently there is only one analyst that rates ALOG a ‘Strong Buy’, 1 rates it a ‘Buy’ and 1 rates it a ‘Hold’. No analysts rate it a sell. ALOG has a median Wall Street price target of $91.00 with a high target of $95.00.

In the past 52 weeks, shares of the Peabody, Massachusetts-based company have traded between a low of $65.63 and a high of $99.97 and are now at $68.14. Shares are down 17.89% year-over-year and 23.12% year-to-date.

The chart below shows where the equity has traded over the last year, with the 50-day and 200-day moving averages included.

Bankrate Inc (RATE) was downgraded by Topeka Capital Markets from an ‘Hold’ rating to a ‘Sell’ rating in a research report issued to clients and investors on Tuesday. Firm attributes the downgrade — among other things — to the revelation of an SEC probe into Bankrate’s 2012 financials.

RATE shares are currently priced at 14.06x next year’s forecasted earnings compared to the industry’s 15.25x earnings multiple. Ticker has a forward P/E of 14.08 and T-12 price-to-sales ratio of 2.40. EPS for the same period is ($0.07).

In the past 52 weeks, shares of the North Palm Beach, Florida-based company have traded between a low of $10.66 and a high of $23.14 and are now at $11.40. Shares are down 37.43% year-over-year and 36.45% year-to-date.

The chart below shows where the equity has traded over the last year, with the 50-day and 200-day moving averages included.

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