Analysts at Oppenheimer downgraded Hess Corporation (HES) from ‘Outperform’ to ‘Perform’ in a research report issued to clients on Tuesday.
Hess Corp., currently with a median Wall Street price target of $70 and a high target of $85, dropped $1.63 to $60.21 in recent trading.
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Urban Outfitters Inc. (URBN) had its target lowered to $23 from $34 at UBS following Q3 results. The name was also downgraded from ‘Buy’ to ‘Hold’ with $22 at Cantor Fitzgerald.
In its quarterly report, the lifestyle specialty retail company said it earned $0.42 per share, in-line with what the Street was expecting. Revenue came in at $825.25 million, below views for $869.61 million.
Shares have traded today between $19.27 and $21.43 with the price of the stock fluctuating between $19.27 to $47.25 over the last 52 weeks.
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WallachBeth reported on Tuesday that they have lowered their rating for Clovis Oncology, Inc. (CLVS). The firm has downgraded CLVS from ‘Buy’ to ‘Hold’ and lowered its price target to $30 from $135.
Clovis Oncology Inc. recently traded at $27.26, a loss of $2.98 over Monday’s closing price. The name has a current market capitalization of $1.04 billion.
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SunEdison, Inc. (SUNE) was reiterated a ‘Buy’ by Deutsche Bank (DB) analysts on Tuesday. The broker however, lowered its price target to $18 from $26, noting that the language around SunEdison’s debt financing could concern some investors who are focused on the balance sheet.
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Pandora Media, Inc. (P) was reiterated as ‘Hold’ with a $14 from $20 price target on Tuesday by Axiom Capital.
Pandora was down $0.88 at $12.54 in mid-day trade, moving within a 52-week range of $11.38 to $22.60. The name, valued at $2.68 billion, opened at $13.39.
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