Coverage Reiterated: Manitowoc (MTW), Urban Outfitters (URBN), FireEye (FEYE), Valeant (VRX)

The Manitowoc Company, Inc. (MTW) was reiterated an ‘Equal Weight’ by Barclays analysts on Tuesday. The broker also cut its price target on the stock to $4 from $14 following news of the spin-off of the food service, noting the seller of cranes and related products is small, highly levered relative to uncertain earnings, and is facing a potential further market slowdown.

Shares Manitowoc have traded today between $4.00 and $4.25 with the price of the stock fluctuating between $4.00 to $22.67 over the last 52 weeks. The name is currently changing hands at 9.00x this year’s forecasted earnings, compared to the industry’s 12.10x earnings multiple. Ticker has a t-12 price/sales ratio of 0.17. EPS for the same period registers at $0.46.

Shares of the $566.85 million market cap company traded as high as $22.67 on April 15, 2015.

Urban Outfitters Inc. (URBN) was reiterated as ‘Neutral’ with a $31 from $24 price target on Tuesday by MKM Partners following Q415 earnings results.

Urban Outfitters Inc. recently traded at $32.69, a gain of $4.53 over Monday’s closing price. The name has a current market capitalization of $3.84 billion.

FireEye, Inc. (FEYE) rating of ‘Outperform’ was reiterated today at FBN Securities with a price target increase of $25 from $18.

FEYE closed at $17.84 on Monday and is currently trading down $0.85.

In the past 52 weeks, shares of the cybersecurity solutions firm have traded between a low of $11.35 and a high of $55.33 and are now trading at $17.84.

Shares are down 56.36% year-over-year and 9.88% year-to-date.

Valeant Pharmaceuticals Int’l, Inc. (VRX) was reiterated as ‘Neutral’ at Mizuho. The firm also cut its price target on the name to $70 from $112, noting they expect lowered 2016 guidance on the March 15 call.

Valeant shares have declined 32.27% in the last 4 weeks and 29.90% in the past three months. The stock has nosedived nearly 80% since August, when it hit a record high of $263.81. Over the past year the name has lost 66.96%, compared with a 2.07% loss in the S&P 500.

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