Piper Jaffray lowered shares of Broadcom Corporation (NASDAQ:BRCM), from an overweight rating to a neutral rating in a research report released on Wednesday morning, TheFlyOnTheWall.com reports. In other Broadcom Corp. news, EVP Robert Rango sold 9,374 shares of the company’s stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $32.00, for a total transaction of $299,968.00. Following the sale, the executive vice president now directly owns 428,606 shares of the company’s stock, valued at approximately $13,715,392. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. A number of other analysts have also recently weighed in on BRCM. Broadcom Corporation (NASDAQ:BRCM), shares after opening at $29.68 moved to $30.19 on last trade day and at the end of the day closed at $29.76. Company price to sales ratio in past twelve months was calculated as 2.10 and price to cash ratio as 7.16. Broadcom Corporation (NASDAQ:BRCM), showed a negative weekly performance of 1.13%.
Cytokinetics, Inc. (NASDAQ:CYTK), was downgraded by stock analysts at Piper Jaffray from an “overweight” rating to a “neutral” rating in a report issued on Friday, ARN reports. They currently have a $7.00 target price on the stock, down from their previous target price of $18.00. Piper Jaffray’s target price suggests a potential downside of 46.11% from the company’s current price. Cytokinetics, Inc. (NASDAQ:CYTK), shares fell 64.67% in last trading session and ended the day on $4.59. Cytokinetics, Inc. (NASDAQ:CYTK), return on equity ratio is recorded as -65.90% and its return on assets is -40.80%. Cytokinetics, Inc. (NASDAQ:CYTK), yearly performance is -42.48%.
Ericsson (ADR) (NASDAQ:ERIC), was downgraded by Argus from a “buy” rating to a “hold” rating in a research note issued on Friday, TheFlyOnTheWall.com reports. Ericsson (ADR) (NASDAQ:ERIC) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.90 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.93 by $0.03. The company had revenue of $47.50 billion for the quarter, compared to the consensus estimate of $51.40 billion. During the same quarter last year, the company posted $0.99 earnings per share. Ericsson (ADR)’s revenue was down 8.7% compared to the same quarter last year. Analysts expect that Ericsson will post $0.84 EPS for the current fiscal year. A number of other firms have also recently commented on ERIC. Analysts at Evercore Partners cut their price target on shares of Ericsson (ADR) from $17.00 to $15.00 in a research note on Thursday. They now have an “overweight” rating on the stock. Separately, analysts at Nomura downgraded shares of Ericsson (ADR) from a “buy” rating to a “neutral” rating in a research note on Thursday. Finally, analysts at BMO Capital Markets upgraded shares of Ericsson (ADR) from a “market perform” rating to an “outperform” rating in a research note on Thursday. They now have a $15.00 price target on the stock, up previously from $13.00. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $14.50. Ericsson (ADR) (NASDAQ:ERIC), shares moved down 1.79% in last trading session and was closed at $12.04, while trading in range of $ 11.98 – 12.24. Ericsson (ADR) (NASDAQ:ERIC), year to date (YTD) performance is 1.95%.
Life Time Fitness, Inc. (NYSE:LTM), was downgraded by stock analysts at Oppenheimer from an “outperform” rating to a “market perform” rating in a report issued on Friday, TheFlyOnTheWall.com reports. They currently have a $50.00 price target on the stock, down from their previous price target of $54.00. Oppenheimer’s target price suggests a potential upside of 6.00% from the stock’s previous close. Life Time Fitness, Inc. (NYSE:LTM), weekly performance is -5.32%. On last trading day company shares ended up $47.17. Life Time Fitness, Inc. (NYSE:LTM), distance from 50-day simple moving average (SMA50) is -1.46%. Analysts mean target Price for the company is $56.58.
Zacks lowered shares of Flagstar Bancorp Inc (NYSE:FBC), from a neutral rating to an underperform rating in a report released on Thursday, Stock Ratings Network.com reports. Zacks currently has $18.30 price objective on the stock. Zacks has also taken action a number of other financials stocks recently. The firm upgraded shares of Sierra Wireless from an underperform rating to a neutral rating. The firm now has a $23.60 price target on that stock. Also, Zacks reiterated its neutral rating on shares of QLT. They have a $6.50 price target on that stock. Finally, Zacks reiterated its underperform rating on shares of Lululemon Athletica inc. They have a $43.00 price target on that stock. Flagstar Bancorp Inc (NYSE:FBC), stock opened at $18.32 on Friday. Flagstar Bancorp Inc (NYSE:FBC), stock showed a negative weekly performance of 10.20%. Flagstar Bancorp Inc (NYSE:FBC), market capitalization is $1.03 billion.
On April 25, 2014, Saia Inc (NASDAQ:SAIA), a leading transportation provider offering multi-regional less-than-truckload (LTL), non-asset truckload and logistics services, reported improved first quarter 2014 results on solid tonnage growth despite difficult winter weather. All prior period share and per share data in this release have been adjusted to reflect the Company’s June 2013 three-for-two stock split. Saia Inc (NASDAQ:SAIA), opened at $39.39. The 52 week range of Saia Inc (NASDAQ:SAIA), is $24.47 – 41.72. Company’s market capitalization is $987.47 million.