Notable Downgrades: American Airlines (AAL), Time Warner Cable (TWC), BlackBerry (BBRY), Western Digital Corp (WDC)

Analysts at Morgan Stanley (MS) downgraded American Airlines Group Inc. (AAL) from ‘Overweight‘ to ‘Equal-Weight‘ in a research report issued to clients on Tuesday.

On valuation measures, American Airlines Group Inc. stock it’s trading at a forward P/E multiple of 6.17x, and at a multiple of 9.33x this year’s estimated earnings. The t-12-month revenue at American Airlines Group Inc. is $42.48 billion. AAL ‘s ROE for the same period is 172.79%.

Shares of the $29.58 billion market cap company are down 2.53% year-over-year and 19.44% year-to-date.

American Airlines Group Inc., currently with a median Wall Street price target of $61.00 and a high target of $73.00, dropped $0.33 to $42.69 in recent trading.

Time Warner Cable Inc. (TWC) was downgraded from ‘Sector Outperform‘ to ‘Sector Perform‘ at Scotia Capital.

Shares have traded today between $177.82 and $179.78 with the price of the stock fluctuating between $128.78 to $184.89 over the last 52 weeks.

Time Warner Cable Inc. shares are currently changing hands at 25.23x this year’s forecasted earnings, compared to the industry’s 17.08x earnings multiple. Ticker has a t-12 price/sales ratio of 2.19. EPS for the same period registers at $7.06.

Shares of TWC have gained $0.10 to $178.10 in midday trading on Tuesday, giving it a market cap of $50.36 billion. The stock traded as high as $184.89 in May 26, 2015.

BlackBerry Limited (BBRY) was reiterated a ‘Neutral’ by MKM Partners analysts on Tuesday. The broker cut its price target on the stock to $8.50 from $10.

BlackBerry Ltd. recently traded at $8.86, a loss of $0.34 over Monday’s closing price. The name has a current market capitalization of $4.69 billion.

Western Digital Corporation (WDC) had its rating lowered from ‘Overweight‘ to ‘Neutral‘ by analysts at JP Morgan (JPM) on Tuesday. The firm sees shares as fairly valued at $92 from $105 previous estimate, versus $91.60 close. Currently there are 17 analysts that rate WDC a ‘Buy‘ versus  7 rating it a ‘Hold‘.

WDC was down $2.17 at $89.43 in midday trade, moving within a 52-week range of $82.85 to $114.69. The name, valued at $20.65 billion, opened at $91.27.

On valuation measures, Western Digital Corp. shares are currently priced at 13.68x this year’s forecasted earnings. Ticker has a t-12 price/sales ratio of 1.41. EPS for the same period registers at $6.54.

As for passive income investors, the firm pays stockholders $2.00 per share annually in dividends, yielding 2.20%.

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