G-III Apparel Group, Ltd. (GIII) rating of ‘Buy’ was reiterated today at Wunderlich with a price target decrease of $62 from $80 (versus a $47.97 previous close). GIII was down $0.20 at $47.77 in mid-day trade, moving within a 52-week range of $40.41 to $73.93. The name, valued at $2.15 billion, opened at $48.02.
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Standpoint Research reported on Wednesday that they have lowered their rating for Canadian Solar Inc. (CSIQ). The firm has downgraded CSIQ from ‘Buy’ to ‘Hold’. CSIQ recently traded at $22.48, a gain of $0.63 over Tuesday’s closing price. The name has a current market capitalization of $1.26 billion.
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Analysts at Jefferies downgraded PTC Therapeutics, Inc. (PTCT) from ‘Hold’ to ‘Underperform’ in a research report issued to clients on Wednesday. PTCT, currently with a median Wall Street price target of $84.50 and a high target of $135.00, dropped $1.33 to $30.42 in recent trading.
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The Valspar Corporation (VAL) had its rating lowered from ‘Sector Perform’ to ‘Underperform’ by analysts at RBC Capital Markets on Wednesday. The firm sees shares as fairly valued at $80 to $82, versus $85.37 close. Currently there are 7 analysts that rate VAL a ‘Buy’, 2 analysts rate it a ‘Sell’, and 9 rate it a ‘Hold’.
VAL was down $1.40 at $83.97 in mid-day trade, moving within a 52-week range of $70.58 to $90.91. The name, valued at $6.67 billion, opened at $83.15.
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