Notable Downgrades: Avago (AVGO), Microchip (MCHP), U.S. Silica Holdings (SLCA), Thoratec Corp. (THOR), Valero Energy Corp (VLO)

Analysts at Drexel Hamilton downgraded Avago Technologies Limited (AVGO) from ‘Hold‘ to ‘Sell‘ in a research report issued to clients on Monday. The target price for AVGO is lowered from $125 to $95. On valuation measures, Avago Technologies Ltd. stock it’s trading at a forward P/E multiple of 12.14x, and at a multiple of 47.07x […] View the full post at: Notable Downgrades: Avago (AVGO), Microchip (MCHP), U.S. Silica Holdings (SLCA), Thoratec Corp. (THOR), Valero Energy Corp (VLO) Related posts: Apache Corp. in final talks to buy Energy Corp’s shallow Gulf assets Top Pre-Market Stock Upgrades/Downgrades April 9, 2010 Top Pre-Market Stock Upgrades/Downgrades April 19, 2010