Analysts at WBB Securities downgraded Alcobra Ltd. (ADHD) from ‘Speculative Buy‘ to ‘Hold‘ in a research report issued to clients on Wednesday.
The target price for ADHD is set a $5.00.
Alcobra Ltd., currently with a median Wall Street price target of $20.00 and a high target of $21.00, dropped $1.40 to $6.99 in recent trading. Shares of the $143.44 million market cap company are down 54.43% year-over-year ; up 124.93% year-to-date.
The chart below shows where the equity has traded over the past 52-weeks.
BlackBerry Limited (BBRY) rating of ‘Hold’ was reiterated today at Canaccord Genuity with a price target cut of $8 from $10 (versus a $8.81 previous close). The firm noted the BlackBerry maker reported weak Q1/F16 results with sales and pro-forma EPS below below the firm’s consensus estimates.
BBRY is up $0.04 at $8.85 on strong volume. Midway through trading Wednesday, 8.41 million shares of BlackBerry Ltd. have exchanged hands as compared to its average daily volume of 8.61 million shares. The stock has ranged in a price between $8.67 to $8.89 after having opened the day at $8.75 as compared to the previous trading day’s close of $8.81.
In the past 52 weeks, shares of Waterloo, Ontario-based smartphone maker have traded between a low of $8.59 and a high of $12.63. Shares are down 12.94% year-over-year and 19.76% year-to-date.
Netflix, Inc. (NFLX) was downgraded by Societe Generale from a ‘Buy’ rating to a ‘Sell’ rating in a research note issued on Wednesday.
NFLX shares recently gained $4.46 to $685.65. Ticker plunged 20 points as Carl Icahn closed out his NFLX position.
Pacira Pharmaceuticals, Inc. (PCRX) was reiterated as ‘Outperform’ with a $116 from $127 price target on Wednesday by Wedbush.
Over the past year, shares of Parsippany, New Jersey-based specialty pharmaceutical company have traded between a low of $65.00 and a high of $121.95 and are now at $70.25. Shares are down 16.34% year-over-year and 15.76% year-to-date.
General Motors Company (GM) was downgraded by Goldman Sachs (GS) from a ‘Buy’ rating to a ‘Hold’ rating in a research note issued on Wednesday.
GM shares recently lost $1.06 to $35.24. Ticker has advanced 2.73% in the last 4 weeks while declining 3.10% in the past three months. Over the past 5 trading sessions the stock has gained 1.94%.
The Detroit, Michigan-based company, which is currently valued at $56.47 billion, has a median Wall Street price target of $44.00 with a high target of $51.00. General Motors Co. is up 2.63% year-over-year, compared with a 8.40% gain in the S&P 500.