Notable Downgrades: Tesla (TSLA), MasterCard (MA), Alibaba (BABA), GoPro (GPRO), Nokia (NOK)

Tesla Motors, Inc. (TSLA) was reiterated an ‘Overweight’ by Morgan Stanley (MS) analysts on Monday. The broker also cut its price target on the stock to $333 from $450.

On valuation measures, Tesla Motors stock it’s trading at a forward P/E multiple of 111.55x. The t-12-month revenue at Tesla Motors Inc. is $3.79 billion. TSLA ‘s ROE for the same period is (59.48%).

Shares of the $25.72 billion market cap company are down 6.82% year-over-year and 20.34% year-to-date.

Tesla Motors, currently with a median Street price target of $280 and a high target of $333, rose $5.20 to $196.40 in recent trading.

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

MasterCard Incorporated (MA) was reiterated as ‘Buy’ with a $100 from $114 price target on Monday by Deutsche Bank (DB). The banking giant lowered the name’s EPS estimates for FY16 and FY17 to $3.45 and $4.00, respectively.

Alibaba Group Holding Limited (BABA) rating of ‘Buy’ was reiterated today at MKM Partners with a price target decrease of $95 from $105 (versus a $67.03 previous close).

GoPro, Inc. (GPRO) was reiterated as ‘Underweight’ with a price target reduction of $7.50 from $9 at Piper Jaffray.

On valuation metrics, GoPro Inc. shares are priced at 8.99x this year’s forecasted earnings, compared to the industry’s 10.01x earnings multiple. The company’s current year and next year EPS growth estimates stand at (36.4%) and (22.6%), respectively. GPRO has a t-12 price-to-sales ratio of 0.87. EPS for the same period registers at $1.22.

GPRO shares have declined 37.36% in the last 4 weeks and 62.10% in the past three months. Over the past 5 trading sessions the stock has gained 5.72%. The San Mateo, California-based company, currently valued at $1.51 billion, has a median Street price target of $14.00 with a high target of $30.00. GoPro is down 77.48% year-over-year, compared with a 3.99% loss in the S&P 500.

Nokia Corporation (NOK) was downgraded from ‘Buy’ to ‘Neutral’ at BofA/Merrill (BAC).

Shares have traded today between $6.30 and $6.38 with the price of the stock fluctuating between $5.71 to $8.37 over the last 52 weeks.

Nokia Corp. ADR shares are currently changing hands at 18.88x this year’s forecasted earnings, compared to the industry’s 8.16x earnings multiple. Ticker has a t-12 price/sales ratio of 1.79. EPS for the same period registers at $0.34.

Shares of Nokia corp. have lost $0.86 to $6.35 in midday trading on Monday, giving it a market cap of roughly $23 billion. The stock traded as high as $8.37 in April 13, 2015.

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