Notable Downgrades: Consol Energy (CNX), Schlumberger (SLB), Pernix Therapeutics (PTX), Peabody Energy (BTU), Alkermes plc (ALKS)

Analysts at BofA/Merrill (BAC) downgraded Consol Energy Inc. (CNX) from ‘Neutral‘ to ‘Underperform‘ in a research report issued to clients on Thursday. On valuation measures, Consol Energy Inc. stock it’s trading at a forward P/E multiple of 22.70x, and at a multiple of 38.37x this year’s estimated earnings. The t-12-month revenue at Consol Energy is […] View the full post at: Notable Downgrades: Consol Energy (CNX), Schlumberger (SLB), Pernix Therapeutics (PTX), Peabody Energy (BTU), Alkermes plc (ALKS) Related posts: Top Pre-Market Stock Upgrades/Downgrades April 30, 2010 Caterpillar Inc. Downgraded to “Neutral” at BofA CenturyTel and Qwest Merger Off to a Rocky Start