Notable Downgrades: 3D Systems (DDD), Baidu (BIDU), F5 Networks (FFIV), ImmunoGen (IMGN), Linn Energy (LINE)

3D Systems Corporation (DDD) was reiterated a ‘Buy’ by Needham analysts on Monday. The broker however, cut its price target on the stock to $22 from $28 noting the co.’s revenue estimates for fiscal 2015-2016 are probably still too aggressive, particularly given the sluggish industry environment.

On valuation measures, 3D Systems Corp. stock it’s trading at a forward P/E multiple of 14.58x next year’s estimated earnings. The t-12-month revenue at 3D Systems Corp. is $666.62 million. DDD’s ROE for the same period is (0.55%).

Shares of the $1.41 billion market cap company are down 73.75% year-over-year and 60% year-to-date.

3D Systems Corp., currently with a median Wall Street price target of $22.50 and a high target of $35.00, dropped $0.64 to $12.57 in recent trading.

Baidu, Inc. (BIDU) was reiterated as ‘Outperform’ with a $200 from $230 price target on Monday by Oppenheimer.

Shares have traded today between $166.13 and $171.67 with the price of the stock fluctuating between $162.00 to $251.99 over the last 52 weeks.

Baidu Inc. ADR shares are currently changing hands at 28.13x this year’s forecasted earnings, compared to the industry’s 13.69x earnings multiple. Ticker has a t-12 price/sales ratio of 7.20. EPS for the same period registers at $5.93.

Shares of BIDU have lost $5.75 to $166.91 in midday trading on Monday, giving it a market cap of roughly $59 billion. The stock traded as high as $251.99 in Nov. 13, 2014.

Buckingham Research reported on Monday that they have lowered their rating for F5 Networks, Inc. (FFIV). The firm has downgraded FFIV from ‘Buy‘ to ‘Neutral‘. Separately, Deutsche Bank (DB) raised their FFIV target to $145 from $140.

F5 Networks Inc. recently traded at $131.17, a loss of $2.97 over Friday’s closing price. The name has a current market capitalization of $9.31 billion.

ImmunoGen, Inc. (IMGN) had its rating lowered from ‘Buy‘ to ‘Hold‘ by analysts at Cantor Fitzgerald on Monday.

Currently there are 5 analysts that rate IMGN a ‘Buy‘, no analyst rates it a ‘Sell‘, and 4 rate it a ‘Hold‘.

IMGN was down $1.42 at $16.60 in midday trade (versus $18.02 close), moving within a 52-week range of $5.34 to $19.43. The name, valued at $1.43 billion, opened at $17.18.

Linn Energy, LLC (LINE) was downgraded by RBC Capital Markets from a ‘Outperform‘ rating to a ‘Sector Perform‘ rating in a research report issued to clients on Monday. They currently have a $5 price objective on the stock, 10 points lower from their previous target of $15.

LINE closed at $4.04 on Friday and is currently trading down $0.75.

In the past 52 weeks, shares of Houston, Texas-based oil and natural gas company have traded between a low of $3.26 and a high of $31.80 and are now trading at $3.29. Shares are down 84.93% year-over-year and 57.42% year-to-date.

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