Notable Downgrades: Affymetrix (AFFX), Western Digital (WDC), Harley-Davidson (HOG), FireEye (FEYE)

Analysts at Mizuho downgraded Affymetrix Inc. (AFFX) from ‘Buy’ to ‘Neutral’ in a research report issued to clients on Monday.

The target price for AFFX is set at $14.

On valuation measures, Affymetrix Inc. stock it’s trading at a forward P/E multiple of 34.40x, and at a multiple of 103.10x this year’s estimated earnings. The t-12-month revenue at Affymetrix is $357.74 million. AFFX ‘s ROE for the same period is 3.74%.

Shares of the $1.10 billion market cap company are down 12.20% year-over-year.

Affymetrix Inc., currently with a median Wall Street price target of $12.00 and a high target of $15.00, rose $4.61 to $13.815 in recent trading.

The chart below shows where the equity has traded over the past 52-weeks.

Western Digital Corporation (WDC) was reiterated as ‘Buy’ with $80 from $95 price target on Monday by Deutsche Bank (DB).

Shares have traded today between $52.50 and $56.23 with the price of the stock fluctuating between $52.50 to $112.57 over the last 52 weeks.

Western Digital Corp. shares are currently changing hands at 9.42x this year’s forecasted earnings, compared to the industry’s 8.37x earnings multiple. Ticker has a t-12 price/sales ratio of 0.92. EPS for the same period registers at $5.63.

Shares of WDC have lost $2.39 to $53.00 in midday trading on Monday, giving it a market cap of roughly $12.28 billion. The stock traded as high as $112.57 in January 13, 2015.

Raymond James reported on Monday that they have lowered their rating for Harley-Davidson, Inc. (HOG). The firm has downgraded HOG from ‘Market Perform’ to ‘Underperform’.

Harley-Davidson Inc. recently traded at $42.40, a loss of $1.35 over Friday’s closing price. The name has a current market capitalization of $8.13 billion.

As for passive income investors, the manufacturer of cruiser and touring motorcycles pays shareholders $1.24 per share annually in dividends, yielding 2.73%. Five year average dividend yield currently stands at 1.43%.

FireEye, Inc. (FEYE) rating of ‘Neutral’ was reiterated today at Wedbush with a price target decrease of $21 from $27 (versus a $18.32 previous close). FEYE closed at $18.32 on Friday and is currently trading down $1.52.

In the past 52 weeks, shares of the company have traded between a low of $16.39 and a high of $55.33 and are now trading at $16.80. Shares are down 44.65% year-over-year and 11.67% year-to-date.

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