Analysts at Credit Agricole downgraded Baidu, Inc. (BIDU) from ‘Buy‘ to ‘Underperform‘ in a research report issued to clients on Tuesday. On valuation measures, Baidu Inc. ADR stock it’s trading at a forward P/E multiple of 2.91x, and at a multiple of 27.54x this year’s estimated earnings. The t-12-month revenue at Baidu Inc.
SunPower Corporation (SPWR) fell today after Brean Capital downgraded the solar company from Buy to Hold. Brean Capital has downgraded SunPower on the basis of high valuations, arguing that the company was trading at a multiple of 21x for its estimated earnings of 2015.
Bank of America Merrill Lynch analysts are worried about slowing iPhone sales. In a note Wednesday, BAML analysts downgraded the stock from "Buy" to "Neutral," with a new stock price target of $130 from $142.
Analysts at Rosenblatt downgraded Constant Contact, Inc. (CTCT) from ‘Buy‘ to ‘Neutral‘ in a research report issued to clients on Friday. On valuation measures, Constant Contact Inc. stock it’s trading at a forward P/E multiple of 15.61x, and at a multiple of 61.43x this year’s estimated earnings. The t-12-month revenue at Constant Contact Inc.
Aegerion Pharmaceuticals, Inc. (AEGR) posted disappointing earnings in after-hours Thursday, leading many analysts to downgrade the stock the following morning. Investment banks such as JPMorgan Chase & Co.