Notable Downgrades: GoPro (GPRO), Ciena Corporation (CIEN), Stratasys Ltd. (SSYS), Alexion Pharma (ALXN)

Analysts at Citigroup (C) downgraded GoPro, Inc. (GPRO) from ‘Buy’ to ‘Neutral’ in a research report issued to clients on Friday.

Shares of the $2.64 billion market cap company are down more than 70% since the beginning of the year.

GoPro Inc., currently with a median Wall Street price target of $35.50 and a high target of $90, rose $0.36 to $19.19 in recent trading.

Ciena Corporation (CIEN) was reiterated a ‘Hold’ by Deutsche Bank (DB) analysts on Friday. The broker however, cut its price target on the stock to $18 from $25.

CIEN was also lowered to $25 from $28 at RBC Capital Markets.

Stratasys Ltd. (SSYS) was reiterated as ‘Outperform’ with a $38 from $42 price target on Friday by Oppenheimer.

Shares have traded today between $23.92 and $25.49 with the price of the stock fluctuating between $22.15 to $87.89 over the last 52 weeks.

Shares of Stratasys have lost $1.50 to $24.08 in midday trading on Friday, giving it a market cap of roughly $1.25 billion. The stock traded as high as $87.89 in December 12, 2014.

Alexion Pharmaceuticals, Inc. (ALXN) rating of ‘Buy’ was reiterated today at Stifel with a price target decrease of $245 from $250 (versus a $187.63 previous close).

ALXN was up $0.53 at $188.16 in mid-day trade, moving within a 52-week range of $142.02 to $208.88. The name, valued at $42.40 billion, opened at $182.65.

Be the first to comment

Leave a Reply

Your email address will not be published.


*