Notable Downgrades: Infinera (INFN), NewLink Genetics (NLNK), NuVasive (NUVA), SanDisk (SNDK), Micron (MU)

Analysts at Goldman (GS) downgraded Infinera Corporation (INFN) from ‘Buy‘ to ‘Neutral‘ in a research report issued to clients on Thursday.

On valuation measures, Infinera Corp. stock it’s trading at a forward P/E multiple of 26.22x, and at a multiple of 171.45x this year’s estimated earnings. The t-12-month revenue at Infinera Corp. is $668.08 million. INFN ‘s ROE for the same period is 3.04%.

Shares of the $2.41 billion market cap company are up 111.03% year-over-year and 31.32% year-to-date.

Infinera Corp., currently with a median Wall Street price target of $20.00 and a high target of $25.00, dropped $0.47 to $18.86 in recent trading.

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

NewLink Genetics Corporation (NLNK) was downgraded from ‘Buy‘ to ‘Hold‘ at Jefferies.

Shares have traded today between $48.75 and $52.89 with the price of the stock fluctuating between $17.32 to $57.63 over the last 52 weeks.

NewLink Genetics Corp. shares are currently changing hands at 15.81x this year’s forecasted earnings. Ticker has a t-12 price/sales ratio of 8.90. EPS for the same period registers at $3.32.

Shares of NLNK have lost $1.44 to $52.50 in mid-day trading on Thursday, giving it a market cap of roughly $1.50 billion. The stock traded as high as $57.63 in March 31, 2015.

Bank of America (BAC) reported on Thursday that they have lowered their rating for NuVasive, Inc. (NUVA). The firm has downgraded NUVA from ‘Neutral‘ to ‘Underperform‘.

NuVasive Inc. recently traded at $43.07, a loss of $2.53 over Wednesday’s closing price. The name has a current market capitalization of $2.04 billion.

SanDisk Corp. (SNDK) was reiterated a ‘Buy’ by Argus analysts on Thursday. The broker also cut its price target on the stock to $86 from $102.

On valuation measures, SanDisk Corp. shares have a T-12 price/sales ratio of 2.09 and a price/book for the same period of 2.15. EPS is $4.23. The name has a market cap of $13.93 billion and a median Wall Street price target of $80.00 with a high target of $100.00. Currently there are 16 analysts that rate SNDK a ‘Buy’, 16 rate it a ‘Hold’. 1 analyst rates it a ‘Sell’.

In terms of share statistics, SanDisk Corp. has a total of 213.01 million shares outstanding with 0.25% held by insiders and 96.10% held by institutions. The stock’s short interest currently stands at 7.68%, bringing the total number of shares sold short to 16.32 million.

Offering a dividend yield of 1.86%, shares of the Milpitas California-based company are down 20.61% year-over-year and 33.27% year-to-date.

Micron Technology, Inc. (MU) was reiterated as ‘Buy’ with a $34 from $40 price target on Thursday by Deutsche Bank (DB).

MU shares recently gained $0.05 to $27.18. In the past 52 weeks, shares of Boise, Idaho-based semiconductor solutions provider have traded between a low of $21.02 and a high of $36.59 and are now at $27.17. Shares are up 11.01% year-over-year ; down 22.51% year-to-date.

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