Notable Downgrades: Anadarko Petroleum (APC), Freshpet (FRPT), Accuray (ARAY), Macy’s (M), PDC Energy (PDCE)

Analysts at Tudor Pickering downgraded Anadarko Petroleum Corporation (APC) from ‘Buy’ to ‘Accumulate’ in a research report issued to clients on Thursday.

Shares of the $30.30 billion market cap company are down 33.49% year-over-year and 25.28% year-to-date.

Freshpet, Inc. (FRPT) was downgraded from ‘Outperform’ to ‘Neutral’ at Credit Suisse (CS) as the firm noted a bad EBITDA miss and in-line results for Q3.

Shares have traded today between $5.89 and $6.52 with the price of the stock fluctuating between $5.89 to $25.92 over the last 52 weeks.

In a report published Thursday, Citigroup (C) analysts initiated coverage on Accuray Incorporated (ARAY) with a ‘Sell’ rating.

On valuation measures, Accuray Inc. shares currently have a PEG and forward P/E ratio of 0.11 and 354.50, respectively. Price/sales for the same period is 1.54 while EPS is ($0.4). Currently there are 6 analysts that rate ARAY a ‘Buy’, 2 rate it a ‘Hold’. No analyst rates it a ‘Sell’.

Macy’s, Inc. (M) was reiterated an ‘Underweight’ by Barclays analysts on Thursday. The broker cut its price target on the stock to $38 from $47. Macy’s price target was also lowered to $46 from $68 at Telsey Advisory Group following earnings.

Macy’s, Inc. reported third-quarter EPS of $0.56 before the opening bell Thursday, compared to the consensus estimate of $0.53. Revenues decreased 5.2% from last year to $5.87 billion. Analysts expected revenues of $6.10 billion. For the current quarter, Macy’s provided EPS guidance of $2.54 – $2.64 versus consensus of $2.82 per share.

The stock is currently up $0.87 to $41.31 on 8.83 million shares.

PDC Energy, Inc. (PDCE) had its rating lowered from ‘Overweight’ to ‘Equal Weight’ by Stephens analysts at on Thursday. The firm cited valuation as the reason for the downgrade. Maintains $61 price target.

Currently there are 22 analysts that rate PDCE a ‘Buy’, no analysts rate it a ‘Sell’, and 3 rate it a ‘Hold’.

PDCE was down $1.87 at $57.88 in mid-day trade, moving within a 52-week range of $27.91 to $64.99. The name, valued at $2.32 billion, opened at $57.34.

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