Notable Downgrades: Infoblox (BLOX), GameStop (GME), Brocade Communications (BRCD), Potash Corp. (POT), Aduro BioTech (ADRO)

Infoblox Inc. (BLOX) was downgraded from ‘Hold’ to ‘Sell’ and the price target was cut to $13 from $20 at Deutsche Bank. BLOX lost 1.76 to $13.99 in mid-day trading today. Approximately 2.98M shares have already changed hands, compared to the stock’s average daily volume of 810.22K shares.

Analysts at Oppenheimer downgraded GameStop Corp. (GME) from ‘Outperform’ to ‘Perform’ in a research report issued to clients on Tuesday. GME, currently with a median Wall Street price target of $52.00 and a high target of $60.00, rose $0.04 to $37.65 in recent trading.

JP Morgan reported on Tuesday that they have lowered their rating for Brocade Communications Systems, Inc. (BRCD). The firm has downgraded BRCD from ‘Overweight’ to ‘Neutral’. BRCD recently traded at $9.27, a loss of $0.82 over Monday’s closing price. The name has a current market capitalization of $3.84 billion.

Potash Corporation of Saskatchewan Inc. (POT) was reiterated a ‘Market Perform’ by Cowen analysts on Tuesday. The broker also cut its price target on the stock to $20 from $24. POT gained 0.06 to $19.76 in mid-day trading today. Approximately 3.19M shares have already changed hands, compared to the stock’s average daily volume of 7.02M shares.

Aduro BioTech, Inc. (ADRO) rating of ‘Buy’ was reiterated today at ROTH Capital with a price target decrease of $68 from $74 (versus a $32.23 previous close). ADRO’s shares have advanced 33.51% in the last 4 weeks and 79.85% in the past three months. Over the past 5 trading sessions the stock has gained 16.65%. Shares of Aduro BioTech, Inc. are down 23.26% this year. Stock lost 4.63 to $27.60 in mid-day trading today. Approximately 2.32M shares have already changed hands, compared to the stock’s average daily volume of 275.02K shares.

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