Notable Downgrades: Scientific Games (SGMS), eBay (EBAY), Trina Solar (TSL), Wal-Mart (WMT), Canadian Solar (CSIQ)

In a report published Wednesday, Goldman Sachs (GS) analysts initiated coverage on Scientific Games Corporation (SGMS) with a ‘Sell‘ rating and $7.50 price target.

On valuation measures, Scientific Games Corp. shares currently have a price-to-earnings growth ratio of (0.83). Price/sales for the same period is 0.45 while EPS is ($3.59). Currently, there are 3 analysts that rate SGMS a ‘Buy’ vs. 6 rating it a ‘Hold’. 1 analyst rates it a ‘Sell’. SGMS has a median Wall Street price target of $16.50 with a high target of $20.

In the past 52 weeks, shares of Las Vegas, Nevada-based company have traded between a low of $8.44 and a high of $17.12 and are now at $11.07.

Shares are up 22.63% year-over-year ; down 4.63% year-to-date.

eBay Inc. (EBAY) was reiterated a ‘Neutral’ by Mizuho analysts on Wednesday. The broker also cut its price target on the stock to $30 from $70 after updating its model to reflect standalone business.

eBay Inc. shares are currently priced at 14.22x this year’s forecasted earnings compared to the industry’s 10.46x earnings multiple. Ticker has a PEG and forward P/E ratio of 1.41 and 14.04, respectively. Price/Sales for the same period is 1.84 while EPS is $1.93. Currently, there are 11 analysts that rate EBAY a ‘Buy’, 23 rate it a ‘Hold’. 1 analyst rates it a ‘Sell’.

EBAY has a median Wall Street price target of $30.00 with a high target of $34.00.

Trina Solar Limited (TSL) was reiterated as ‘Buy’ with a $15 from $25 price target on Wednesday by ROTH Capital. Firm notes they have lowered their TSL PT as they remain concerned on the co.’s downstream exposure to the Chinese market.

TSL shares recently lost $0.77 to $9.56. In the past 52 weeks, shares of Changzhou, China-based company have traded between a low of $7.52 and a high of $15.15.

Shares are down 17.03% year-over-year ; up 11.56% year-to-date.

Wal-Mart Stores Inc. (WMT) rating of ‘Equal Weight’ was reiterated today at Barclays with a price target decrease of $73 from $80.

WMT shares recently lost $1.03 to $68.45. The stock is down more than 4.40% year-over-year and has lost roughly 18% year-to-date. In the past 52 weeks, shares of the Bentonville, Arkansas-based company have traded between a low of $67.77 and a high of $90.97.

Wal-Mart Stores Inc. closed Tuesday at $69.48. The name has a current market cap of $220.45 billion.

Shares of Canadian Solar Inc. (CSIQ) are down $4.87 at $19.82, after ROTH Capital this morning lowered its price target on the shares to $40 from $46, and reiterated a ‘Buy’ rating. Firm notes sentiment among solar stocks is currently negative, and they believe co.’s weaker-than-expected Q315 guide could challenge the stock in the near-term.

On Tuesday, Canadian Solar handed in Q215 earnings of $0.31 per share on revenue of $636.7 million, beating Wall Street estimates of $0.29 per share on revenue of $596.4 million. The West Guelph, Canada-based company however, guided Q3 revenues of $570 to 620 million, as compared to analysts’ expectations of $757.06 million.

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