Mar 3, 2016

Posted by in Stock Reports | 0 Comments

Analyst Stock Downgrades: Sunedison Inc (NYSE:SUNE), Comstock Resources Inc (NYSE:CRK), Checkpoint Systems Inc (NYSE:CKP)

Analyst Stock Downgrades: Sunedison Inc (NYSE:SUNE), Comstock Resources Inc (NYSE:CRK), Checkpoint Systems Inc (NYSE:CKP)

Analysts have been actively evaluating companies as long as there have been stocks, but they’re more popular and get more exposure than ever thanks to round-the-clock stock market news and online resources. Analysts’ notoriety has also increased. But while analysts typically have similar credentials, they aren’t all the same.

The reputation and credibility of a company and the research firm depends on the efforts they make to inform investors. A company does not want to be tarnished by being associated with disreputable research. Similarly, a research firm will only want to analyze companies that have strong fundamentals and long-term investment potential.

Sunedison Inc (NYSE:SUNE) received a stock rating downgrade from Needham on Thursday. In a note to investors, the firm issued a Hold rating. The average analysts that follow this company have a ‘Buy’ rating on this stock, according to Zacks Investment Research. Six maintain strong buy rating, 1 set the stock as buy, Zero give underperform rating and 1 suggests selling.

Comstock Resources Inc (NYSE:CRK) was dropped to In-line from Outperform at Imperial Capital with a $0.75 price target. It has earned a consensus Hold rating, according to Zacks Investment Research. Two analysts have rated the stock with a sell rating, 6 have assigned a hold rating, Zero says it’s a buy and 1 has assigned a strong buy rating to the company.

Checkpoint Systems Inc (NYSE:CKP) shares were up 28.28% after analysts at Imperial Capital downgraded the stock to In-line from Outperform while putting a $10.15 price target on the stock. The stock has a consensus Hold rating, according to Zacks Investment Research. No analyst has rated the stock with a sell rating, 1 has assigned a hold rating, Zero says it’s a buy, and Zero has assigned a strong buy rating to the company.

 

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