Stocks Received Downgrades Rating From Analyst: Symantec (NASDAQ:SYMC), ABB (NYSE:ABB), ELLIE MAE (NASDAQ:ELLI) and AECOM Technology (NYSE:ACM)

Symantec (NASDAQ:SYMC) was downgraded by analysts at Barclays from an “overweight” rating to an “equal weight” rating in a research report issued to clients and investors on Friday, Stock Ratings Network.com reports. They currently have a $23.00 price objective on the stock, down from their previous price objective of $26.00. Barclays’ target price suggests a potential upside of 12.77% from the stock’s previous close. Symantec Corporation (NASDAQ:SYMC) shares after opening at $20.01 on last trade day and at the end of the day closed at $20.01. Company price to sales ratio in past twelve months was calculated as 2.04 and price to cash ratio as 3.56. Symantec Corporation (NASDAQ:SYMC) showed a positive/negative weekly performance of -1.19%.

ABB (NYSE:ABB) was downgraded by equities researchers at Robert W. Baird from an “outperform” rating to a “neutral” rating in a research report issued on Friday, Analyst Ratings Network.com reports. They currently have a $28.00 target price on the stock, down from their previous target price of $30.00. Robert W. Baird’s price objective suggests a potential upside of 9.46% from the stock’s previous close. ABB Ltd (ADR) (NYSE:ABB) shares fell -0.27% in last trading session and ended the day on $25.51.ABB return on equity ratio is recorded as 16.00% and its return on assets is 5.90%. ABB Ltd (ADR) (NYSE:ABB) yearly performance is 15.90%.

ELLIE MAE (NASDAQ:ELLI) was downgraded by stock analysts at FBR Capital Markets from an “outperform” rating to a “market perform” rating in a report issued on Friday, Stock Ratings Network.com reports. They currently have a $29.00 price target on the stock, down from their previous price target of $37.00. FBR Capital Markets’ price objective indicates a potential upside of 14.31% from the stock’s previous close. Ellie Mae Inc (NYSE:ELLI) shares moved down -5-40% in last trading session and was closed at $24.00, while trading in range of $23.62 – $24.69. Ellie Mae Inc (NYSE:ELLI) year to date (YTD) performance is -10.68%.

AECOM Technology Corp. (NYSE:ACM) was downgraded by equities researchers at DA Davidson from a “buy” rating to a “neutral” rating in a research report issued on Friday, TheFlyOnTheWall.com reports. They currently have a $35.00 price objective on the stock. DA Davidson’s price target suggests a potential upside of 6.58% from the stock’s previous close. AECOM Technology Corp (NYSE:ACM) weekly performance is -0.19%. On last trading day company shares ended up $32.09. AECOM Technology Corp (NYSE:ACM) distance from 50-day simple moving average (SMA50) is 3.53%. Analysts mean target price for the company is $31.71.