Notable Downgrades: Broadcom Corp. (BRCM), Macrocure Ltd. (MCUR), Walt Disney (DIS), Time Warner (TWX), Targa Resources (TRGP)


Analysts at Argus downgraded Broadcom Corp. (BRCM) from ‘Buy‘ to ‘Hold‘ in a research report issued to clients on Thursday.

On valuation measures, Broadcom Corp. stock it’s trading at a forward P/E multiple of 16.36x, and at a multiple of 28.32x this year’s estimated earnings. The t-12-month revenue at Broadcom Corp. is $8.56 billion. BRCM ‘s ROE for the same period is 11.85%.

Shares of the $30.32 billion market cap company are up 32.83% year-over-year and 18.52% year-to-date.

Broadcom Corp., currently with a median Wall Street price target of $55 and a high target of $67, dropped $1.09 to $49.95 in recent trading.

Macrocure Ltd. (MCUR) was downgraded from ‘Buy‘ to ‘Hold‘ at Jefferies.

Shares have traded today between $2.60 and $4.43 with the price of the stock fluctuating between $2.60 to $16.10 over the last 52 weeks.

MCUR has lost $9.07 to $2.98 in mid-day trading on Thursday, giving it a market cap of roughly $50 million. The stock traded as high as $16.10 in June 22, 2015.

Bernstein reported on Thursday that they have lowered their rating for The Walt Disney Company (DIS). The firm has downgraded DIS from ‘Outperform‘ to ‘Market Perform‘.

Walt Disney Co. recently traded at $100.96, a loss of $5.49 over Wednesday’s closing price. The name has a current market capitalization of $170.40 billion.

As for passive income investors, the  Burbank, Calif.-based entertainment company pays shareholders $1.32 per share annually in dividends, yielding 1.20%. Five year average dividend yield currently stands at 1.10%.

Time Warner Inc. (TWX) had its rating lowered from ‘Outperform‘ to ‘Market Perform‘ by analysts at Bernstein on Thursday.

Currently, there are 23 analysts that rate TWX a ‘Buy‘ versus 7 analysts rating it  a ‘Hold‘. No analyst rates it a ‘Sell‘.

TWX was down $2.77 at $75.05 in mid-day trade, moving within a 52-week range of $67.78 to $91.34. The name, valued at $61.19 billion, opened at $76.02.

On valuation measures, Time Warner Inc. shares are currently priced at 17.67x this year’s forecasted earnings. Ticker has a t-12 price/sales ratio of 2.25. EPS for the same period registers at $4.25.

As for passive income investors, the firm pays stockholders $1.40 per share annually in dividends, yielding 1.80%.

Targa Resources Corp. (TRGP) was downgraded by Jefferies from a ‘Hold‘ rating to a ‘Underperform‘ rating in a research report issued to clients on Thursday.

TRGP closed at $72.63 on Wednesday and is currently trading down $5.97.

In the past 52 weeks, shares of Houston, Texas-based natural gas company have traded between a low of $65.88 and a high of $143.46 and are now trading at $66.66.

Shares are down 45.90% year-over-year and 29.68% year-to-date.

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