Notable Downgrades: Buffalo Wild Wings (BWLD), Linn Energy (LINE), Harley-Davidson (HOG), Ruckus Wireless (RKUS)

Analysts at Raymond James downgraded Buffalo Wild Wings Inc. (BWLD) from ‘Outperform’ to ‘Market Perform’ in a research report issued to clients on Monday.

On valuation measures, Buffalo Wild Wings Inc. stock it’s trading at a forward P/E multiple of 26.94x, and at a multiple of 39.17x this year’s estimated earnings. The t-12-month revenue at Buffalo Wild Wings is $1.65 billion. BWLD ‘s ROE for the same period is 15.98%.

Shares of the $3.62 billion market cap company are up 58.01% year-over-year and 8.74% year-to-date.

Buffalo Wild Wings Inc., currently with a median Wall Street price target of $211.50 and a high target of $240, dropped $5.71 to $190.43 in recent trading.

Linn Energy, LLC (LINE) was downgraded from ‘Market Perform’ to ‘Underperform’ and the price target was cut to $2 from $6 at FBR Capital.

Shares have traded today between $2.96 and $3.28 with the price of the stock fluctuating between $2.01 to $27.00 over the last 52 weeks.

Shares of Linn Energy have lost $0.40 to $2.96 in mid-day trading on Monday, giving it a market cap of roughly $1.05 billion. The stock traded as high as $27.00 in Oct. 22, 2014.

Longbow reported on Monday that they have lowered their rating for Harley-Davidson, Inc. (HOG). The firm has downgraded HOG from ‘Buy’ to ‘Neutral’.

Harley-Davidson Inc. recently traded at $53.90, a loss of $1.19 over Friday’s closing price. The name has a current market capitalization of $11.07 billion.

As for passive income investors, the company pays shareholders $1.24 per share annually in dividends, yielding 2.25%.

Ruckus Wireless, Inc. (RKUS) had its rating lowered from ‘Overweight’ to ‘Neutral’ by analysts at Piper Jaffray on Monday. The firm sees shares as fairly valued at $13, versus $13.24 close. Currently there are 13 analysts that rate RKUS a ‘Buy’ whereas 5 rate it a ‘Hold’. No analyst rates ticker a ‘Sell’.

RKUS was down $0.84 at $12.40 in mid-day trade, moving within a 52-week range of $9.11 to $13.50. The name, valued at $1.09 billion, opened at $12.86.

On valuation measures, Ruckus Wireless Inc. shares are currently priced at 174.65x this year’s forecasted earnings. Ticker has a t-12 price/sales ratio of 3.36. EPS for the same period registers at $0.07.

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