Notable Downgrades: International Business Machines (IBM), Enphase Energy (ENPH), The WhiteWave Foods Co. (WWAV), Qualcomm (QCOM), Harley-Davidson (HOG)

International Business Machines Corporation (IBM) was reiterated a ‘Neutral’ by UBS analysts on Tuesday. The broker also lowered its price target on the stock to $125 from $135, noting ‘another tough 3Q’. On valuation measures, IBM stock it’s trading at a forward P/E multiple of 8.78x, and at a multiple of 12.40x this year’s estimated […] View the full post at: Notable Downgrades: International Business Machines (IBM), Enphase Energy (ENPH), The WhiteWave Foods Co. (WWAV), Qualcomm (QCOM), Harley-Davidson (HOG) Related posts: Harley Davidson: First Loss in 16 Years Del Monte Foods Nearing New Highs and Still Cheap Whole Foods is Gaining Steam, Not Weight