Analysts at Canaccord Genuity downgraded Valeant Pharmaceuticals International, Inc. (VRX) from ‘Buy’ to ‘Hold’ in a research report issued to clients on Wednesday. The target price for VRX is lowered from $125 to $75. The broker said the cut is based on growing uncertainty around the multitude of investigations, as well as the company’s decreasing reliance on fundamentals.
Shares of the $22.99 billion market cap company are down 67.81% year-over-year and 35.61% year-to-date.
Valeant Pharmaceuticals, currently with a median Wall Street price target of $133, rose $1.92 to $67.372 in recent trading.
Dollar Tree, Inc. (DLTR) was downgraded from ‘Strong Buy’ to ‘Market Perform’ with a $95 price target at Raymond James.
Shares have traded today between $77.90 and $81.54 with the price of the stock fluctuating between $60.31 to $84.22 over the last 52 weeks.
Shares of Dollar Tree have lost $3.42 to $78.61 in late morning trading on Wednesday, giving it a market cap of roughly $18.5 billion. The stock traded as high as $84.22 in March 20, 2015.
SanDisk Corp. (SNDK) was downgraded by Mizuho from a ‘Buy’ rating to a ‘Neutral’ rating in a research report issued to clients on Wednesday.
SNDK closed at $74.08 on Tuesday and is currently trading up $0.76.
In the past 52 weeks, shares of the company have traded between a low of $44.28 and a high of $87.43 and are now trading at $74.84.
Shares are down 6.82% year-over-year and 2.51% year-to-date.
American Water Works Co. (AWK) was downgraded to ‘Neutral’ at Robert W. Baird. The name is currently printing a higher than average trading volume with the issue trading 6.32 million shares, compared to the average volume of 1.35 million. The stock began trading this morning at $68.25 to currently trade 4.58% higher from the prior days close of $65.30. On an intraday basis it has gotten as low as $67.06 and as high as $68.87.
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