Notable Downgrades: Baxter International (BAX), Intel Corporation (INTC), Starbucks (SBUX)

Analysts at Credit Suisse (CS) downgraded Baxter International Inc. (BAX) from ‘Outperform‘ to ‘Neutral‘ in a research report issued to clients on Wednesday.

The target price for BAX is lowered from $75 to $39.

On valuation measures, Baxter Int’l Inc. stock it’s trading at a forward P/E multiple of 9.49x, and at a multiple of 8.88x this year’s estimated earnings. The t-12-month revenue at Baxter International is $16.59 billion. BAX ‘s ROE for the same period is 23.27%.

Shares of the $20.94 billion market cap company are down less than one percent year-over-year and 3.09% year-to-date.

BAX, currently with a median Wall Street price target of $75.00 and a high target of $82.00, rose $0.52 to $38.513 in recent trading.

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

Shares of Intel Corporation (INTC) fell 1% in midday trading after FBR Capital cut its 12-month base case estimate on the name to $38 from $40.

Intel Corporation, currently valued at $142.96 billion, has a median Wall Street price target of $35.00 with a high target of $45.00. Approximately 20 million shares have changed hands, compared to the stock’s average daily volume of 28.01 million.

In the past 52 weeks, shares of the chipmaker have traded between a low of $29.31 and a high of $37.90 with the 50-day MA and 200-day MA located at $32.40 and $33.35 levels, respectively. Additionally, shares of INTC trade at a P/E ratio of 1.72 and have a Relative Strength Index (RSI) and MACD indicator of 29.94 and -1.19, respectively.

INTC currently prints a one year return of about 1.19% and a year-to-date loss of around 15%.

Starbucks Corporation (SBUX) was removed from “Conviction Buy List” at Goldman (GS).  Shares have traded today between $53.60 and $54.21 with the price of the stock fluctuating between $35.39 to $54.75 over the last 52 weeks.

Starbucks Corp. shares are currently changing hands at 31.64x this year’s forecasted earnings. Ticker has a t-12 price/sales ratio of 4.54. EPS for the same period registers at $1.69.

Shares of SBUX are flat at $53.62 in midday trading on Wednesday, giving it a market cap of roughly $81 billion. The stock traded as high as $54.75 in June 26, 2015.

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