Notable Downgrades: Chesapeake Energy (CHK), Autodesk (ADSK), MobileIron, (MOBL), Biogen Inc. (BIIB)

Analysts at Oppenheimer downgraded Chesapeake Energy Corporation (CHK) from ‘Outperform‘ to ‘Perform‘ in a research report issued to clients on Thursday.

CHK shares recently lost $0.47 to $12.59. In the past 52 weeks, shares of Tulsa, Oklahoma-based company have traded between a low of $12.45 and a high of $29.92. Shares are down 51.87% year-over-year and 32.54% year-to-date.

Autodesk, Inc. (ADSK) was downgraded from ‘Outperform‘ to ‘Neutral‘ at Wedbush.

Shares have traded today between $53.99 and $54.56 with the price of the stock fluctuating between $48.38 to $65.00 over the last 52 weeks.

Autodesk Inc. shares are currently changing hands at 175.23x this year’s forecasted earnings, compared to the industry’s 17.30x earnings multiple. Ticker has a t-12 price/sales ratio of 4.88. EPS for the same period registers at $0.31.

Shares of ADSK have lost $0.65 to $54.32 in midday trading on Thursday, giving it a market cap of roughly $12.40 billion. The stock traded as high as $65.00 in February 27, 2015.

Shares of MobileIron, Inc. (MOBL) are down $0.35 to $6.04 in midday trading after Deutsche Bank (DB) reiterated its ‘Buy’ rating and lowered its 12-month base case estimate on the name by 2 points to $8 a share.

MOBL shares recently lost $0.37 to $6.02. The stock is down 61% year-over-year and has lost roughly 40% year-to-date. In the past 52 weeks, shares of Charlotte, North Carolina-based company have traded between a low of $5.88 and a high of $12.96.

MobileIron, Inc. closed Wednesday at $6.39. The name has a current market cap of $469.51 million.

Biogen Inc. (BIIB) was reiterated as ‘Outperform’ and the price target was lowered to $512 from $532 at Leerink Partners.

BIIB shares recently gained $4.76 to $393.26. Leerink’s target price suggests a potential upside of about 30% from the company’s current stock price.

In the past 52 weeks, shares of Cambridge, Massachusetts-based firm have traded between a low of $290.85 and a high of $480.18. Shares are up 23.16% year-over-year and 14.45% year-to-date.

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