Notable Downgrades: UTi Worldwide Inc. (UTIW), Altera Corp. (ALTR), Steel Dynamics Inc. (STLD), ON Semiconductor Corp. (ONNN), Achaogen, Inc. (AKAO)

Analysts at RBC Capital Markets downgraded UTi Worldwide Inc. (UTIW) from ‘Outperform‘ to ‘Sector Perform‘ in a research report issued to clients on Wednesday. The target price for UTIW is lowered from $13 to $11. On valuation measures, UTi Worldwide Inc. stock it’s trading at a forward P/E multiple of 20.32x this year’s estimated earnings. […] View the full post at: Notable Downgrades: UTi Worldwide Inc. (UTIW), Altera Corp. (ALTR), Steel Dynamics Inc. (STLD), ON Semiconductor Corp. (ONNN), Achaogen, Inc. (AKAO) Related posts: Caterpillar Inc. Downgraded to “Neutral” at BofA Top Pre-Market Stock Upgrades/Downgrades April 21, 2010 Pre-Market Earnings (March 25)