Analyst Downgrades: Akamai Tech (AKAM), SunEdison (SUNE), Mentor Graphics (MENT), Autodesk (ADSK), Nimble Storage (NMBL)

Akamai Technologies, Inc. (AKAM) was downgraded by Goldman Sachs (GS) analysts from a ‘Neutral’ rating to a ‘Sell’ rating in a research report issued to clients on Friday.

AKAM, currently with a median Street price target of $71 and a high target of $86, dropped $3.44 to $55.77 in recent trading.

SunEdison, Inc. (SUNE) had its rating lowered from ‘Overweight’ to ‘Neutral’ by analysts at JP Morgan (JPM) today.

Shares have traded today between $2.55 and $2.90 with the price of the stock fluctuating between $2.55 – $33.45 over the last 52 weeks.

DA Davidson reported on Friday that they have lowered their rating for Mentor Graphics Corp. (MENT). The firm has downgraded MENT from ‘Buy’ to ‘Neutral’ and lowered its price target to $24 from $32.

Shares of Mentor Graphics have lost 9 points to $18.79 in midday trading on Friday, giving it a market cap of roughly $2.20 billion. The stock traded as high as $28.09 in Nov. 11, 2015.

Autodesk, Inc. (ADSK) was downgraded from ‘Outperform’ to ‘Sector Perform’ at RBC Capital Markets. The firm also lowered its price target on the name to $65 from $70 saying they believe the downside in ADKS is likely limited given better expense management and de-risked/lowered guidance, but for now they see shares as more likely to trade in line with the market.

ADSK was down $2.10 at $60.29 in midday trade.

Analysts at UBS downgraded Nimble Storage, Inc. (NMBL) from ‘Buy’ to ‘Neutral’ in a research report issued to clients on Friday. The target price for NMBL is lowered from $33 to $14.

Nimble Storage Inc. recently traded at $10.09, a loss of $10.30 over Thursday’s closing price. The name has a current market capitalization of $785.75 million.

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