Notable Downgrades: Esperion Therapeutics (ESPR), Alibaba Group (BABA), American Airlines (AAL), Nvidia (NVDA)

Esperion Therapeutics, Inc. (ESPR) was reiterated a ‘Sell’ by Chardan Capital Markets analysts on Wednesday. The broker also lowered its price target on the stock to $50 from $55.

Esperion Therapeutics, Inc. shares have a PEG and P/B ratio of 1.99 and 7.18, respectively. EPS is ($2.26). Currently there are 8 analysts that rate ESPR a ‘Buy’ versus one rating it a ‘Sell’. ESPR has a median Wall Street price target of $130.00 with a high target of $177.00.

In the past 52 weeks, shares of the Sunnyvale, California-based company have traded between a low of $13.90 and a high of $120.96 and are now at $83.40. Shares are up 571.99% year-over-year and 148.59% year-to-date.

Alibaba Group Holding Limited (BABA) was reiterated as ‘Outperform’ with a $105 from $110 price target on Wednesday by RBC Capital Markets.

BABA shares recently gained $1.16 to $88.74. In the past 52 weeks, shares of Chinese e-commerce giant have traded between a low of $77.77 and a high of $120.00. Shares are down 15.74% year-to-date.

American Airlines Group Inc. (AAL) rating of ‘Outperform’ was reiterated today at Imperial Capital with a price target cut of $73 from $82 (versus a $40.33 previous close).

AAL shares are currently priced at 8.87x this year’s forecasted earnings, which makes them inexpensive compared to the industry’s 28.68x earnings multiple. Ticker has a forward P/E of 5.55 and t-12 price-to-sales ratio of 0.66. EPS for the same period is $4.58.

In the past 52 weeks, shares of Fort Worth, Texas-based airline carrier have traded between a low of $28.10 and a high of $56.20 and are now at $40.59. Shares are down 6.63% year-over-year and 24.49% year-to-date.

Nvidia Corporation (NVDA) was downgraded by Nomura from a ‘Buy‘ rating to a ‘Neutral‘ rating in a research report issued to clients on Wednesday. They currently have an $18 price objective on the stock, 5 points lower from their previous price target of $23.

NVDA closed at $21.86 on Tuesday and is currently trading down $0.33.

In the past 52 weeks, shares of Santa Clara, California-based visual computing company have traded between a low of $16.77 and a high of $23.61. Shares are up 16.73% year-over-year and 9.95% year-to-date.

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