Notable Downgrades: Yahoo (YHOO), Alcoa (AA), Intel (INTC), Eli Lilly (LLY), Penn Virginia Corp (PVA)

Yahoo! Inc. (YHOO) was reiterated a ‘Buy’ by Sun Trust Rbsn Humphrey analysts on Wednesday. The broker however, cut its price target on the stock to $50 from $59.

YHOO is scheduled to report 2Q/15 results after the market close next Tuesday July 21st.

Alcoa Inc. (AA) was reiterated as ‘Market Perform’ with a $13 from $16 price target on Wednesday by Cowen. The broker said they expect the headwinds faced by the upstream businesses to weigh heavily on results and may inhibit stock appreciation.

On valuation measures, Alcoa Inc. shares are currently priced at 22.11x this year’s forecasted earnings compared to the industry’s 0.17x earnings multiple. Ticker has a PEG and forward P/E ratio of 1.34 and 10.62, respectively. Price/Sales for the same period is 0.54 while EPS is $0.48. Currently there are 7 analysts that rate AA a ‘Buy‘, 8 rate it a ‘Hold‘. 1 analyst rates it a ‘Sell‘. AA has a median Wall Street price target of $14.75 with a high target of $22.00.

Intel Corporation (INTC) rating of ‘Buy’ was reiterated today at Jefferies with a price target cut of $35 from $45.

INTC is up $0.01 at $29.66 on heavy volume. Midway through trading Wednesday, 17.82 million shares of Intel Corp. have exchanged hands as compared to its average daily volume of 32.53 million shares. The stock has ranged in a price between $29.54 to $29.99 after having opened the day at $29.65.

In the past 52 weeks, shares of the chipmaker have traded between a low of $28.82 and a high of $37.90. Shares are down 3.22% year-over-year and 17.12% year-to-date.

Eli Lilly and Company (LLY) had its rating lowered from ‘Overweight‘ to ‘Equal-Weight‘ by analysts at Morgan Stanley (MS) on Wednesday. The firm sees shares as fairly valued at $85 from $93, versus $88.76 close. Currently there are 9 analysts that rate LLY a ‘Buy‘, no analysts rate it a ‘Sell‘, and 10 rate it a ‘Hold‘.

LLY was down $1.80 at $86.96 in mid-day trade, moving within a 52-week range of $60.14 to $90.18. The name, valued at $92.09 billion, opened at $87.79.

On valuation measures, Eli Lilly & Co. shares are currently priced at 42.42x this year’s forecasted earnings. Ticker has a t-12 price/sales ratio of 4.82. EPS for the same period registers at $2.05.

As for passive income investors, the firm pays stockholders $2.00 per share annually in dividends, yielding 2.30%.

Penn Virginia Corporation (PVA) was downgraded by Imperial Capital from a ‘Outperform‘ rating to a ‘In-line‘ rating in a research report issued to clients on Wednesday. They currently have a $3.75 price objective on the stock, 3.25 points lower from their previous price target of $7.00.

PVA closed at $3.60 on Tuesday and is currently trading down $0.46.

In the past 52 weeks, shares of Radnor, Pennsylvania-based independent oil and gas company have traded between a low of $3.04 and a high of $16.08 and are now trading at $3.14. Shares are down 76.88% year-over-year, compared to a rise of 6.43% clocked by the S&P 500 index over the same time frame.

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