Schaeffer's Trading Floor Blog

Analyst Downgrades: Amazon.com, Inc., Pandora Media Inc, and Visa Inc

Analysts downwardly revised their ratings on AMZN, P, and V

by 7/25/2014 9:22 AM
Stocks quoted in this article:

Analysts are weighing in today on e-commerce concern Amazon.com, Inc. (NASDAQ:AMZN), streaming music provider Pandora Media Inc (NYSE:P), and blue chip Visa Inc (NYSE:V). Here's a quick roundup of today's bearish brokerage notes.

  • AMZN is bracing for an 11% drop -- bigger than what the options market had priced in -- after the firm confessed to a wider-than-expected quarterly loss. Subsequently, a slew of analysts are downwardly revising their opinions on Amazon.com, Inc. Just to name a few, B. Riley downgraded the stock to "neutral" from "buy," CRT Capital downgraded it to "fair value" from "buy," and UBS trimmed its price target to $360 from $365. AMZN closed at $358.61 on Thursday.

  • P -- which closed at $28.72 yesterday -- is poised to surrender 10.2% out of the gate, extending its string of dismal earnings reactions. After issuing weaker-than-expected earnings guidance last night, Pandora Media Inc is feeling the wrath of analysts exiting the bulls' camp. Among them, J.P. Morgan Securities and Cowen, which cut their respective price targets to $42 and $38. More negative notes could be on the way, too, as P has earned 16 "buy" or better ratings, compared to five "holds" and just one "strong sell."

  • Finally, V is pointed 3% lower in pre-market trading, after the credit card concern cut its full-year revenue guidance. As such, the shares -- which finished at $222.74 on Thursday -- are in danger of surrendering their year-to-date gains, and could be targeted for bearish brokerage notes. Already today, Goldman Sachs cut its price target on Visa Inc to $245 from $250, while Stifel reduced its target to $281 from $289. V currently maintains 20 "buy" or better recommendations, compared to four lukewarm "holds."

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