Notable Downgrades: Tesla (TSLA), GoPro (GPRO), Wal-Mart (WMT), Yum Brands (YUM), Baidu (BIDU)

Analysts at Robert W. Baird downgraded Tesla Motors, Inc. (TSLA) from ‘Outperform’ to ‘Neutral’ in a research report issued to clients on Wednesday. The firm noted it remains unclear of when the co.’s initial Model X deliveries will occur (besides launch event deliveries), and production ramp could take longer than expected. The target price for TSLA is lowered from $335 to $282.

On valuation measures, Tesla Motors Inc. stock it’s trading at a forward P/E multiple of 94.62x. The t-12-month revenue at the electric car maker is $3.70 billion. TSLA ‘s ROE for the same period is (62.43%).

Shares of the $30.07 billion market cap company are down 7.35% year-over-year ; up 8.57% year-to-date.

Tesla Motors Inc., currently with a median Wall Street price target of $300.00 and a high target of $450.00, dropped $9.80 to $231.66 in recent trading.

GoPro, Inc. (GPRO) was reiterated an ‘Equal-Weight’ by Morgan Stanley (MS) analysts on Wednesday. The broker however, cut its price target on the stock to $35 from $62 prompting the name to set fresh all-time lows of $27.52.

Shares have traded today between $27.52 and $30.75 with the price of the stock fluctuating between $27.52 to $92.77 over the last 52 weeks.

On valuation measures, GoPro Inc. shares are currently changing hands at 25.17x this year’s forecasted earnings, compared to the industry’s 7.57x earnings multiple. Ticker has a t-12 price/sales ratio of 2.40. EPS for the same period registers at $1.12.

Shares of GPRO have lost $2.54 to $28.11 in midday trading on Wednesday, giving it a market cap of $3.73 billion. The stock traded as high as $92.77 in October 8, 2014.

Wal-Mart Stores Inc. (WMT) was reiterated as ‘Hold’ with a $70 from $76 price target on Wednesday by Deutsche Bank (DB).

Wal-Mart recently traded at $65.98, a gain of $0.30 over Tuesday’s closing price. The name has a current market capitalization of $211.53 billion.

As for passive income investors, the retailer pays shareholders $1.96 per share annually in dividends, yielding 3.02%.

Yum! Brands, Inc. (YUM) rating of ‘Equal Weight’ was reiterated today at Barclays with a price target decrease of $73 from $82 (versus a $83.42 previous close).

YUM was down $15.29 at $68.13 in midday trade, moving within a 52-week range of $65.81 to $95.90. The name, valued at $29.38 billion, opened at $69.80.

On valuation measures, Yum! Brands Inc. shares are currently priced at 33.38x this year’s forecasted earnings. Ticker has a t-12 price/sales ratio of 2.75. EPS for the same period registers at $2.04.

As for passive income investors, the operator of quick service restaurants pays stockholders $1.64 per share annually in dividends, yielding 1.97%.

Baidu, Inc. (BIDU) had its rating lowered from ‘Neutral’ to ‘Underperform’ by analysts at Daiwa Securities on Wednesday. Currently there are 21 analysts that rate BIDU a ‘Buy’, 1 analyst rates it a ‘Sell’, and 8 rate it a ‘Hold’.

BIDU was down $5.61 at $144.19 in midday trade, moving within a 52-week range of $100 to $251.99. The name, valued at $50.67 billion, opened at $146.00.

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