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.
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.
Google Inc (NASDAQ:GOOGL) stock dropped 0.17% in early trading today, following the recent downgrade by sell-side analysts. Research firm Atlantic Equities released a research note today, lowering the stock from Overweight to Neutral. Analysts at the firm also slashed the target price on the stock from a bullish $692 to a more modest $560.