Notable Downgrades: Veeva Systems (VEEV), Century Aluminum (CENX), Alcoa Inc. (AA), Baker Hughes (BHI), Codexis (CDXS)

Analysts at Deutsche Bank (DB) downgraded Veeva Systems Inc. (VEEV) from ‘Buy‘ to ‘Hold‘ in a research report issued to clients on Wednesday. The target price for VEEV is lowered from $37 to $30. On valuation measures, Veeva Systems Inc. Cl A stock it’s trading at a forward P/E multiple of 50.17x, and at a […] View the full post at: Notable Downgrades: Veeva Systems (VEEV), Century Aluminum (CENX), Alcoa Inc. (AA), Baker Hughes (BHI), Codexis (CDXS) Related posts: Top Pre-Market Stock Upgrades/Downgrades April 21, 2010 Caterpillar Inc. Downgraded to “Neutral” at BofA Goldman Sachs Swings to Profit, Plans $5B Offer