Trade Report: Today, Analysts’ Downgrade for November, 29th (ASCL, FGP, GPS, HZNP, IRS, LABL, LN, NOG, NVLS, PSIX)

Today, Analysts’ Downgrade for November, 29th (ASCL, FGP, GPS, HZNP, IRS, LABL, LN, NOG, NVLS, PSIX)

Analysts’ downgrades for Tuesday, November 29th:

Ascential PLC (LON:ASCL) was downgraded by analysts at Peel Hunt to an add rating. They currently have GBX 290 ($3.60) price target on the stock, up from their previous price target of GBX 285 ($3.54).

Ferrellgas Partners, L.P. (NYSE:FGP) was downgraded by analysts at Zacks Investment Research from a hold rating to a strong sell rating. According to Zacks, “Current rate of returns from the unit price of Ferrellgas Partners were significantly lower than that of the broader industry in the last 12 months. The loss of a major customer and milder temperatures at the start of the winter hampered Ferrellgas’ prospects. In addition, persistent pricing pressure in the commodity market resulted in project delays and cancellations, adversely impacting its long-term growth prospect. Estimates have been going down ahead of the partnership’s first-quarter fiscal 2017 earnings release. Ferrellgas Partners is working to drive growth through organic and inorganic strategies. The partnership is planning to lower its leverage ratio by trimming cash distribution. It is also focused on cost containment efforts, which are likely to partially offset the impact of erratic weather conditions.”

Gap (NYSE:GPS) was downgraded by analysts at Vetr from a buy rating to a hold rating. Vetr currently has $25.82 price target on the stock.

Horizon Pharma (NASDAQ:HZNP) was downgraded by analysts at Zacks Investment Research from a hold rating to a strong sell rating. According to Zacks, “Horizon reported disappointing third-quarter results wherein both earnings and revenues missed estimates. The top line was hit by the settlement agreement with Express Scripts. The company’s earnings estimates for 2016 have gone down significantly post the release of its third-quarter results. Moreover, Horizon is facing the possibility of coming under the spotlight like a few of its peers as political and media focus on drug pricing increases. Meanwhile, Horizon’s marketed products face intense competition. Currently, the company is working on label expansion of drugs like Actimmune and Ravicti. Failure to gain regulatory approval for label expansions would hurt the drugs’ commercial potential. Horizon is also involved in patent litigations with quite a few companies. Subpoenas are another matter of concern. However, we are positive on Horizon’s growth-by-acquisition strategy.”

IRSA Inversiones y Representaciones SA (NYSE:IRS) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “IRSA Inversiones y Representaciones S.A. invests in and develops industrial, commercial and residential real estate in Argentina, Chile and Brazil. “

Multi-Color Corp. (NASDAQ:LABL) was downgraded by analysts at KeyCorp to an underweight rating.

Line Corp (NYSE:LN) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “LINE Corporation develops and operates the LINE application for smartphones. It offers messenger services which include free messages, voice calls and video calls. The company also provides communication and content sales and advertising services through LINE advertising, livedoor blog, and NAVER Matome Web portals. LINE Corporation is based in Tokyo, Japan. “

Nostrum Oil & Gas PLC (LON:NOG) was downgraded by analysts at Credit Suisse Group AG to a neutral rating. The firm currently has GBX 440 ($5.46) target price on the stock, up from their previous target price of GBX 415 ($5.15).

Nivalis Therapeutics (NASDAQ:NVLS) was downgraded by analysts at Stifel Nicolaus from a buy rating to a hold rating. They currently have $3.25 price target on the stock, down from their previous price target of $16.00.

Nivalis Therapeutics (NASDAQ:NVLS) was downgraded by analysts at Robert W. Baird from an outperform rating to a neutral rating. They currently have $3.00 price target on the stock, down from their previous price target of $29.00.

Power Solutions International (NASDAQ:PSIX) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Power Solutions International, Inc. is engaged in producing and distributing power solutions for original equipment manufacturers of off-highway industrial equipment in the United States. The Company sells engines for stationary generators, oil and gas equipment, forklifts, aerial work platforms, industrial sweepers, arbor equipment, agricultural and turf equipment. It also offers low-emission standard fuel and hybrid power solutions, and diesel power systems. Power Solutions International, Inc. is based in Wood Dale, Illinois. “

Penntex Midstream Partners (NASDAQ:PTXP) was downgraded by analysts at SunTrust Banks Inc. from a buy rating to a hold rating.

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Trade Report: Today, Analysts’ Downgrade for November, 29th (ASCL, FGP, GPS, HZNP, IRS, LABL, LN, NOG, NVLS, PSIX)

Today, Analysts’ Downgrade for November, 29th (ASCL, FGP, GPS, HZNP, IRS, LABL, LN, NOG, NVLS, PSIX)

Analysts’ downgrades for Tuesday, November 29th:

Ascential PLC (LON:ASCL) was downgraded by analysts at Peel Hunt to an add rating. They currently have GBX 290 ($3.60) price target on the stock, up from their previous price target of GBX 285 ($3.54).

Ferrellgas Partners, L.P. (NYSE:FGP) was downgraded by analysts at Zacks Investment Research from a hold rating to a strong sell rating. According to Zacks, “Current rate of returns from the unit price of Ferrellgas Partners were significantly lower than that of the broader industry in the last 12 months. The loss of a major customer and milder temperatures at the start of the winter hampered Ferrellgas’ prospects. In addition, persistent pricing pressure in the commodity market resulted in project delays and cancellations, adversely impacting its long-term growth prospect. Estimates have been going down ahead of the partnership’s first-quarter fiscal 2017 earnings release. Ferrellgas Partners is working to drive growth through organic and inorganic strategies. The partnership is planning to lower its leverage ratio by trimming cash distribution. It is also focused on cost containment efforts, which are likely to partially offset the impact of erratic weather conditions.”

Gap (NYSE:GPS) was downgraded by analysts at Vetr from a buy rating to a hold rating. Vetr currently has $25.82 price target on the stock.

Horizon Pharma (NASDAQ:HZNP) was downgraded by analysts at Zacks Investment Research from a hold rating to a strong sell rating. According to Zacks, “Horizon reported disappointing third-quarter results wherein both earnings and revenues missed estimates. The top line was hit by the settlement agreement with Express Scripts. The company’s earnings estimates for 2016 have gone down significantly post the release of its third-quarter results. Moreover, Horizon is facing the possibility of coming under the spotlight like a few of its peers as political and media focus on drug pricing increases. Meanwhile, Horizon’s marketed products face intense competition. Currently, the company is working on label expansion of drugs like Actimmune and Ravicti. Failure to gain regulatory approval for label expansions would hurt the drugs’ commercial potential. Horizon is also involved in patent litigations with quite a few companies. Subpoenas are another matter of concern. However, we are positive on Horizon’s growth-by-acquisition strategy.”

IRSA Inversiones y Representaciones SA (NYSE:IRS) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “IRSA Inversiones y Representaciones S.A. invests in and develops industrial, commercial and residential real estate in Argentina, Chile and Brazil. “

Multi-Color Corp. (NASDAQ:LABL) was downgraded by analysts at KeyCorp to an underweight rating.

Line Corp (NYSE:LN) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “LINE Corporation develops and operates the LINE application for smartphones. It offers messenger services which include free messages, voice calls and video calls. The company also provides communication and content sales and advertising services through LINE advertising, livedoor blog, and NAVER Matome Web portals. LINE Corporation is based in Tokyo, Japan. “

Nostrum Oil & Gas PLC (LON:NOG) was downgraded by analysts at Credit Suisse Group AG to a neutral rating. The firm currently has GBX 440 ($5.46) target price on the stock, up from their previous target price of GBX 415 ($5.15).

Nivalis Therapeutics (NASDAQ:NVLS) was downgraded by analysts at Stifel Nicolaus from a buy rating to a hold rating. They currently have $3.25 price target on the stock, down from their previous price target of $16.00.

Nivalis Therapeutics (NASDAQ:NVLS) was downgraded by analysts at Robert W. Baird from an outperform rating to a neutral rating. They currently have $3.00 price target on the stock, down from their previous price target of $29.00.

Power Solutions International (NASDAQ:PSIX) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Power Solutions International, Inc. is engaged in producing and distributing power solutions for original equipment manufacturers of off-highway industrial equipment in the United States. The Company sells engines for stationary generators, oil and gas equipment, forklifts, aerial work platforms, industrial sweepers, arbor equipment, agricultural and turf equipment. It also offers low-emission standard fuel and hybrid power solutions, and diesel power systems. Power Solutions International, Inc. is based in Wood Dale, Illinois. “

Penntex Midstream Partners (NASDAQ:PTXP) was downgraded by analysts at SunTrust Banks Inc. from a buy rating to a hold rating.

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