Five Below, Inc. (FIVE) was reiterated an ‘Outperform’ by RBC Capital Markets analysts on Tuesday. The broker however, cut its price target on the stock to $40 from $46.
Shares of the $1.50 billion market cap company are down 39.97% year-over-year and 31.40% year-to-date.
Five Below dropped $0.57 to $27.44 in recent trading.
Analysts at Barclays downgraded AbbVie Inc. (ABBV) from ‘Overweight’ to ‘Equal Weight’ in a research report issued to clients on Tuesday.
The target price for ABBV is lowered from $73 to $72.
Joy Global, Inc. (JOY) was downgraded from ‘Neutral’ to ‘Underperform’ at BofA/Merrill (BAC).
Shares of JOY have lost $2.20 to $13.15 in mid-day trading on Tuesday, giving it a market cap of roughly $1.28 billion. The stock traded as high as $54.19 in December 3, 2014.
Shares have traded today between $13 and $14.44 with the price of the stock fluctuating between $13 to $54.19 over the last 52 weeks.
Aduro BioTech, Inc. (ADRO) had its rating lowered from ‘Outperform’ to ‘Perform’ by analysts at Oppenheimer on Tuesday.
ADRO was down $1.80 at $29.19 in mid-day trade, moving within a 52-week range of $16.28 to $49.25. The name, valued at $1.85 billion, opened at $30.
Cummins Inc. (CMI) was downgraded to ‘Underperform’ from ‘Buy’ at BofA/Merrill.
On valuation measures, Cummins Inc. shares are currently priced at 9.89x this year’s forecasted earnings. Ticker has a t-12 price/sales ratio of 0.91. EPS for the same period registers at $9.34.
As for passive income investors, the firm pays stockholders $3.90 per share annually in dividends, yielding 3.91%.
Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!