Notable Downgrades: Twitter (TWTR), Harley-Davidson (HOG), Verint Systems (VRNT), Caterpillar Inc. (CAT)

Analysts at Canaccord Genuity lowered their Twitter, Inc. (TWTR) price target to $40 from $45, following an 18 percent move down the day after Q2 earnings. The firm, which believes Twitter’s user base growth remains an important issue for the microblogging service, has reduced its target P/E from 35x to 30x 2018 EPS estimate of $1.87.

On valuation measures, Twitter Inc. stock it’s trading at a forward P/E multiple of 44.46x next year’s estimated earnings. The t-12-month revenue at Twitter is $1.78 billion. TWTR ‘s ROE for the same period is (16.49%).

Shares of the $18.93 billion market cap company are down 43.67% year-over-year and 21.10% year-to-date.

Twitter Inc., currently with a median Wall Street price target of $37 and a high target of $56, dropped $0.31 to $27.99 in recent trading.

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

Harley-Davidson, Inc. (HOG) was reiterated as ‘Buy’ with a $62 from $63 price target on Friday by UBS.

Shares have traded today between $54.57 and $55.22 with the price of the stock fluctuating between $50.64 to $70.41 over the last 52 weeks.

Harley-Davidson Inc. shares are currently changing hands at 14.65x this year’s forecasted earnings, compared to the industry’s (0.77)x earnings multiple. Ticker has a t-12 price/sales ratio of 1.93. EPS for the same period registers at $3.73.

Shares of Milwaukee, Wisconsin-based manufacturer of cruiser and touring motorcycles have lost $1.12 to $54.67 in mid-day trading on Friday, giving it a market cap of $11.23 billion. The stock traded as high as $70.41 in December 5, 2014.

Verint Systems Inc. (VRNT) rating of ‘Outperform’ was reiterated today at RBC Capital Markets with a price target decrease of $62 from $72 (versus a $48.72 previous close).

VRNT shares recently lost 91c to $47.81. In the past 52 weeks, shares of Melville, New York-based provider of actionable intelligence solutions have traded between a low of $46.91 and a high of $66.45.

Shares are down 4.66% year-over-year and 16.40% year-to-date.

Caterpillar Inc. (CAT) had its rating lowered from ‘Outperform’ to ‘Neutral’ by analysts at Robert W. Baird on Friday. The firm sees shares as fairly valued at $77 from $89, versus $74.45 close.

Currently there are 6 analysts that rate CAT a ‘Buy’, 1 analyst rates it a ‘Sell’, and 16 rate it a ‘Hold’.

Caterpillar was down $1.12 at $73.33 in mid-day trade, moving within a 52-week range of $70.23 to $109.49. The name, valued at $44.19 billion, opened at $72.93.

On valuation measures, Caterpillar Inc. shares are currently priced at 12.52x this year’s forecasted earnings. Ticker has a t-12 price/sales ratio of 0.85. EPS for the same period registers at $5.86.

As for passive income investors, the firm pays stockholders $3.08 per share annually in dividends, yielding 4.11%.

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