Analysts at Barclays downgraded Analog Devices, Inc. (ADI) from ‘Overweight’ to ‘Equal Weight’ in a research report issued to clients on Friday. The target price for ADI is lowered from $70 to $60.
Shares of the $18.34 billion market cap company are up 7.37% year-over-year and 9.29% year-to-date.
The Cooper Companies Inc. (COO) was downgraded from ‘Overweight’ to ‘Neutral’ at JP Morgan (JPM).
Shares have traded today between $121.01 and $131.36 with the price of the stock fluctuating between $121.01 to $190 over the last 52 weeks.
On valuation measures, Cooper Cos. shares are currently changing hands at 32.15x this year’s forecasted earnings. Ticker has a t-12 price/sales ratio of 3.82. EPS for the same period registers at $4.01. Shares of Cooper Cos. have lost $13 to $129.05 in mid-day trading on Friday, giving it a market cap of roughly $6.30 billion. The stock traded as high as $190 in March 30, 2015.
Robert W. Baird reported on Friday that they have lowered their rating for GoPro, Inc. (GPRO). The firm has downgraded GPRO from ‘Outperform’ to ‘Neutral’ and lowered its price target to $18 from $36.
GoPro Inc. recently traded at $18.21, a loss of $0.72 over Thursday’s closing price. The name has a current market capitalization of $2.50 billion.
Symantec Corporation (SYMC) had its rating lowered from ‘Buy’ to ‘Hold’ by analysts at Argus on Friday.
Currently there are 3 analysts that rate SYMC a ‘Buy’, 1 analyst rates it a ‘Sell’, and 23 rate it a ‘Hold’.
SYMC was up $0.32 at $20.02 in mid-day trade, moving within a 52-week range of $19.07 to $27.32. The name, valued at $13.53 billion, opened at $19.42.
Ambarella, Inc. (AMBA) rating of ‘Hold’ was reiterated today at Deutsche Bank (DB) with a price target decrease of $60 from $70 (versus a $57.88 previous close).
AMBA shares recently lost $1.49 to $56.39.
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