Notable Downgrades: Hess Corp (HES), Urban Outfitters (URBN), Clovis Oncology (CLVS), SunEdison (SUNE), Pandora (P)

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.

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.

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.

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.

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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