Notable Downgrades: Catamaran (CTRX), SanDisk Corp. (SNDK), Micron Technology (MU), Angie’s List (ANGI)

Analysts at Sun Trust Rbsn Humphrey downgraded Catamaran Corporation (CTRX) from ‘Buy‘ to ‘Neutral‘ in a research report issued to clients on Tuesday.

On valuation measures, Catamaran Corp. stock it’s trading at a forward P/E multiple of 20.61x, and at a multiple of 38.92x this year’s estimated earnings. The t-12-month revenue at Catamaran Corp. is $21.58 billion. CTRX ‘s ROE for the same period is 7.34%.

Shares of the $12.36 billion market cap company are up 34.54% year-over-year  and 15.61% year-to-date.

Catamaran Corp., currently with a median Wall Street price target of $71.55 and a high target of $82.41, dropped $0.29 to $59.54 in recent trading.

The chart below shows where the equity has traded over the past 52-weeks.

SanDisk Corp. (SNDK) was reiterated as ‘Outperform’ with a $78 from $96 price target on Tuesday by RBC Capital Markets.

SNDK shares recently lost $1.01 to $63.97. In the past 52 weeks, shares of Milpitas, California-based company have traded between a low of $63.56 and a high of $108.77. Shares are down 18.34% year-over-year and 33.43% year-to-date.

Micron Technology, Inc. (MU) rating of ‘Outperform’ was reiterated today at Wedbush with a price target decrease of $35 from $40 (versus a $26.68 previous close).

Micron Technology shares recently gained $0.52 to $27.20. The stock is up more than 21.77% year-over-year and has lost roughly 24% year-to-date. In the past 52 weeks, shares of Boise, Idaho-based company have traded between a low of $21.02 and a high of $36.59.

Micron Technology closed Monday at $26.68. The name has a total market cap of $29.31 billion.

Angie’s List, Inc. (ANGI) was reiterated as ‘Hold’ and the price target was lowered to $6 from $8 at Wunderlich.

ANGI shares recently lost $0.34 to $5.87. Wunderlich’s target price suggests a potential downside of about 27% from the company’s current stock price.

In the past 52 weeks, shares of Indianapolis, Indiana-based company have traded between a low of $4.36 and a high of $14.65. Shares are down 48.29% year-over-year and 0.48% year-to-date.

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