Today’s Downgraded Stocks (SAP, NFLX, ALV, ALNY, CIEN)
Downgraded Stocks
Dallas, TX 11/24/2009 03:52 PM GMT (TransWorldNews)
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SAP AG (ADR) (NYSE:SAP) fell 1% to $47.90 Wedbuh downgrades SAP (NYSE: SAP) from Neutral to Underperform, citing the company's comparatively weak core business fundamentals (continued yr/yr license revenue declines) that are expected to persist over the next few quarters. The firm maintained their $49 price target on the ADRs.
Netflix, Inc. (NASDAQ:NFLX) declined 2.78% to $58.70 after Wedbush downgrades Netflix (Nasdaq: NFLX) from Neutral to Underperform, while maintaining their $50 price target. The firm said the growth does not justify the multiple. The firm believes shares of are trading above full value. Analyst said, "Netflix's recent financial performance has been solid, with Q3 EPS well above expectations, and the company exceeded guidance on every metric. However, we believe that the stock's current price reflects investor expectations for growth well above what can be reasonably expected."
Autoliv Inc. (NYSE:ALV) fell 2% to $40.20 after Bank of America downgrades Autoliv (NYSE: ALV) from Neutral to Underperform. Price target $38. Autoliv, Inc. (Autoliv) is a supplier of automotive safety systems with a range of product offerings, including modules and components for passenger and driver-side airbags, side-impact airbag protection systems, seatbelts, steering wheels, safety electronics, whiplash protection systems and child seats, as well as night vision systems and other active safety systems.
Alnylam Pharmaceuticals, Inc. (NASDAQ:ALNY) fell 1.56% to $16.68 after Roth Capital downgrades Alnylam Pharmaceuticals (Nasdaq: ALNY) to Hold. Price target lowered from $26 to $17. Alnylam Pharmaceuticals, Inc. is a biopharmaceutical company developing therapeutics based on ribonucleic acid interference (RNAi). RNAi is a naturally occurring biological pathway within cells for selectively silencing and regulating the expression of specific genes.
Ciena Corporation (NASDAQ:CIEN) rose 1% to $12.12. today, Jefferies & Co downgrades Ciena Corp (Nasdaq: CIEN) from Hold to Underperform. Ciena Corporation is a provider of communications networking equipment, software and services that support the transport, switching, aggregation and management of voice, video, and data traffic.
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