Analysts Issued Downgrades on These 2 Stocks Today
Stock analysts recently downgraded their ratings on the following shares:
- Parker-Hannifin (NYSE:PH): MKM Partners downgraded the stock from Buy to Neutral. The shares have traded in a 52-week range of $54.40 to $99.40 and have most recently traded at $90.87. Its market capitalization is $14.74 billion, it earned $5.94 per share last year, and its trailing P/E ratio is 15.3. About the company: Parker Hannifin Corporation manufactures motion control products, including fluid power systems, electromechanical controls, and related components. The Company also produces fluid purification, fluid flow, process instrumentation, air conditioning, refrigeration, and electromagnetic shielding and thermal management products. Competitors to Watch: Actuant Corporation (NYSE:ATU), Crane Co. (NYSE:CR), Sun Hydraulics Corporation (NASDAQ:SNHY), Omega Flex, Inc. (NASDAQ:OFLX), IMI plc (IMI), and Eaton Corporation (NYSE:ETN).
- Riverbed Technology (NASDAQ:RVBD): Oppenheimer downgraded the stock from Outperform to Perform. The shares have traded in a 52-week range of $13.40 to $44.70, and most recently traded at $39.55. Its market capitalization is $6.07 billion, it earned $0.29 per share last year, and its trailing P/E ratio is 137.33. About the company: Riverbed Technology, Inc. manufactures and markets appliances used to connect computers in wide area networks. Competitors to Watch: F5 Networks (NASDAQ:FFIV), Brocade Communications (NASDAQ:BRCD), Cisco (NASDAQ:CSCO), Citrix Systems (NASDAQ:CTXS), Microsoft (NASDAQ:MSFT), Qualcomm (NASDAQ:QCOM), H-P (NYSE:HPQ), IBM (NYSE:IBM), Juniper (NYSE:JNPR) and Polycom (NASDAQ:PLCM).
(Note: Selected financial data are sourced from Yahoo! Finance. All data are assumed to be accurate.)
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