Notable Downgrades: Twitter, Inc. (TWTR), LinkedIn Corporation (LNKD), Autodesk, Inc. (ADSK), Outerwall Inc. (OUTR)

Twitter, Inc. (TWTR) was reiterated a ‘Neutral’ by Wedbush analysts on Friday. The broker also cut its price target on the stock to $20 from $30.

On valuation measures, Twitter Inc. stock it’s trading at a forward P/E multiple of 29.02x. The t-12-month revenue at Twitter is $1.99 billion. TWTR’s ROE for the same period is (14.26%).

Shares of the $10.91 billion market cap company are down 58.47% year-over-year and 26.92% year-to-date.

Twitter Inc., currently with a median Wall Street price target of $30.00 and a high target of $46.00, dropped $0.94 to $15.97 in recent trading.

The chart below shows where the equity has traded over the past 52-weeks. The name reports next Wednesday.

LinkedIn Corporation (LNKD) was downgraded from ‘Overweight’ to ‘Neutral’ at Atlantic Equities. The name was also downgraded to ‘Sector Perform’ from ‘Outperform’ with a PT of $156 from $300 at RBC Capital Markets.

Shares have traded today between $109.50 and $128.99 with the price of the stock fluctuating between $109.50 to $276.18 over the last 52 weeks.

Shares of LinkedIn have lost $81.46 to $110.82 in midday trading on Friday, giving it a market cap of roughly $14.50 billion. The stock traded as high as $276.18 in Feb 26, 2015.

Autodesk, Inc. (ADSK) was reiterated as ‘Neutral’ with $50 from $55 price target on Friday by Wedbush.

Autodesk Inc. recently traded at $46.27, a loss of $3.24 over Thursday’s closing price. The name has a current market capitalization of $10.43 billion.

Outerwall Inc. (OUTR) had its rating lowered from ‘Overweight’ to ‘Neutral’ by analysts at Piper Jaffray on Friday.

Currently, there are 4 analysts that rate OUTR a ‘Buy’, 2 analysts rate it a ‘Sell’, and 2 rate it a ‘Hold’.

OUTR was down $5.88 at $26.81 in midday trade, moving within a 52-week range of $24.94 to $85.26. The name, valued at $462.54 million, opened at $26.00.

On valuation measures, Outerwall Inc. shares are currently priced at 6.70x this year’s forecasted earnings. Ticker has a t-12 price/sales ratio of 0.24. EPS for the same period registers at $3.99.

As for passive income investors, the firm pays stockholders $1.20 per share annually in dividends, yielding 3.50%.

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