Stock Downgrades: Broadcom Corporation (NASDAQ:BRCM), Flagstar Bancorp (NYSE:FBC), Life Time Fitness (NYSE:LTM), Ericsson (NASDAQ:ERIC), Saia (NASDAQ:SAIA)


Broadcom Corp. (NASDAQ:BRCM) was downgraded by equities researchers at Needham & Company LLC from a “buy” rating to a “hold” rating in a research report issued on Friday, TheFlyOnTheWall.com reports. Shares of Broadcom Corporation (NASDAQ:BRCM)closed at $29.76 in last trading session. Yesterday share price of the company was traded in the range of $29.40 to $30.19. Company now has a market value of $18.90 billion. Broadcom Corporation (NASDAQ:BRCM)price to sales ratio in past twelve months was calculated as2.10 and price to cash ratio as 7.16.

Flagstar Bancorp (NYSE:FBC) was downgraded by FBR Capital Markets from an “outperform” rating to a “market perform” rating in a research note issued on Wednesday, TheFlyOnTheWall.com reports. They currently have a $20.00 price objective on the stock, down from their previous price objective of $25.00. FBR Capital Markets’ target price would suggest a potential upside of 6.95% from the company’s current price. Flagstar Bancorp Inc (NYSE:FBC) stock traded in the range of $18.16 – $18.63 and at the end of the day, it closed at $18.31. Average trading volume of the company is $234,355.00. Flagstar Bancorp Inc (NYSE:FBC)return on equity ratio is recorded as 24.60% and its return on assets is 2.10%.

Life Time Fitness (NYSE:LTM) was downgraded by Oppenheimer to a “market perform” rating in a research note issued on Friday, Stock Ratings News reports. Life Time Fitness, Inc. (NYSE:LTM) after opening at $48.60, moved down -5.60% to $47.17 on last trading day. Company’s 52 week range is $40.15 – $56.94.

Ericsson (ADR) (NASDAQ:ERIC) had its price objective lowered by Evercore Partners from $17.00 to $15.00 in a report released on Thursday, American Banking & Market News reports. Evercore Partners currently has an overweight rating on the stock. Ericsson (ADR) (NASDAQ:ERIC) stock hit highest price at $12.24, beginning with a price of $12.22 and decreased -1.79% to the close at $12.04 with day range of $11.98 – $12.24. The total market capitalization of the stock is $39.79 billion.

Saia Inc (NASDAQ:SAIA) was downgraded by equities researchers at Eurobank EFG from a “buy” rating to a “hold” rating in a research report issued on Friday, American Banking & Market News reports. They currently have a $42.00 price objective on the stock, up from their previous price objective of $40.00. Eurobank EFG’s price target indicates a potential upside of 9.09% from the stock’s previous close. Saia Inc (NASDAQ:SAIA) after opening at $39.39, moved up 4.00% to $40.04 on last trading day. Company’s 52 week range is $24.47 – $41.72.


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