Notable Downgrades: Twitter (TWTR), Caterpillar (CAT), Yelp (YELP), eBay (EBAY), American Express (AXP)

Twitter, Inc. (TWTR) was reiterated a ‘Neutral’ by Citigroup (C) analysts on Thursday. The firm also cut its price target on the stock to $30 from $37.

On valuation measures, Twitter Inc. stock it’s trading at a forward P/E multiple of 40.94x this year’s estimated earnings. The t-12-month revenue at Twitter is $1.78 billion. TWTR ‘s ROE for the same period is (16.49%).

Shares of the $17.45 billion market cap company are down 48.65% year-over-year and 25.31% year-to-date.

Twitter Inc., currently with a median Wall Street price target of $37.00 and a high target of $56.00, dropped $0.99 to $25.80 in recent trading.

Caterpillar Inc. (CAT) was initiated with a ‘Sell’ and $28 target at Axiom Capital.

Shares have traded today between $64.65 and $66.70 with the price of the stock fluctuating between $64.65 to $107.12 over the last 52 weeks.

Caterpillar Inc. shares are currently changing hands at 11.24x this year’s forecasted earnings, compared to the industry’s 19.64x earnings multiple. Ticker has a t-12 price/sales ratio of 0.80. EPS for the same period registers at $5.86.

Shares of Caterpillar have lost $4.37 to $65.83 in mid-day trading on Thursday, giving it a market cap of $39.67 billion. The stock traded as high as $107.12 in November 21, 2014.

Yelp Inc. (YELP) was reiterated as ‘Underperform’ with a $17.75 from $21.50 price target on Thursday by Northland Capital. The firm said it remains cautious on the company’s growth prospects.

Yelp Inc. recently traded at $22.24, a loss of $0.86 over Wednesday’s closing price. The name has a current market capitalization of $1.67 billion.

eBay Inc. (EBAY) rating of ‘Neutral’ was reiterated today at JP Morgan (JPM) with a price target decrease of $32 from $33 (versus a $25.59 previous close).

Currently there are 10 analysts that rate EBAY a ‘Buy’ versus 28 rating it a ‘Hold’. No analyst rates it a ‘Sell’.

EBAY was down $0.14 at $25.45 in mid-day trade, moving within a 52-week range of $19.50 to $29.35. The name, valued at $31.00 billion, opened at $25.25.

On valuation measures, eBay Inc. shares are currently priced at 13.16x this year’s forecasted earnings. Ticker has a t-12 price/sales ratio of 1.70. EPS for the same period registers at $1.93.

Shares of American Express Company (AXP) are down $1.29 at $74.34, after Jefferies this morning lowered its price target on the shares to $70 from $85, and reiterated a ‘Hold’ rating.

In the past 52 weeks, shares of the New York-based credit card company have traded between a low of $71.71 and a high of $94.89. Shares are down 17.89% since the beginning of the year.

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