International banking giant Deutsche Bank (DB) downgraded Microsoft Corporation (NASDAQ:MSFT) rating from ‘Buy’ to ‘Hold’ with a price target of $42 per share. Microsoft Corporation (NASDAQ:MSFT) shares after opening at $39.11 moved to $39.41 on last trade day and at the end of the day closed at $39.18. Company price to sales ratio in past twelve months was calculated as 3.90 and price to cash ratio as 3.89. Microsoft Corporation (NASDAQ:MSFT) showed a negative weekly performance of -1.56%.
STMicroelectronics (NYSE:STM) was downgraded by investment analysts at UBS AG from a “neutral” rating to a “sell” rating in a note issued to investors on Monday, Analyst Ratings.Net reports. STMicroelectronics NV (ADR) (NYSE:STM) shares fell -2.28% in last trading session and ended the day on $8.57. STM return on equity ratio is recorded as -11.70% and its return on assets is -7.10%. STMicroelectronics NV (ADR) (NYSE:STM) yearly performance is 17.88%.
Corning (NYSE:GLW) was downgraded by research analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a report released on Monday, TheFlyOnTheWall.com reports. They currently have a $20.00 price objective on the stock. Stifel Nicolaus’ price target suggests a potential downside of 1.86% from the company’s current price. The analysts noted that the move was a valuation call. Corning Incorporated (NYSE:GLW) shares moved up 0.74% in last trading session and was closed at $20.53, while trading in range of $20.23 – $20.53. Corning Incorporated (NYSE:GLW) year to date (YTD) performance is 15.79%.
Medtronic (NYSE:MDT) was downgraded by analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research report issued to clients and investors on Monday, TheFlyOnTheWall.com reports. Medtronic, Inc. (NYSE:MDT) weekly performance is -5.74%. On last trading day company shares ended up $58.08. Medtronic, Inc. (NYSE:MDT) distance from 50-day simple moving average (SMA50) is -0.53%. Analysts mean target price for the company is $65.44.