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Analysts are weighing in today on online review issue Angie's List Inc (NASDAQ:ANGI), blue-chip aircraft titan The Boeing Company (NYSE:BA), and travel concern TripAdvisor Inc (NASDAQ:TRIP). Here's a quick roundup of today's bearish brokerage notes.
- ANGI last night confessed to a wider-than-expected second-quarter loss, and projected current-quarter revenue below analysts' estimates. The shares -- which closed at $10.17 on Wednesday -- are bracing for a 22% drop out of the gate, which would put ANGI in all-time-low territory. Analysts are downwardly revising their opinions in droves, with no fewer than eight brokerage firms weighing in. Among them, BofA-Merrill Lynch downgraded Angie's List Inc to "neutral" from "buy," and Deutsche Bank nearly halved its price target, to $7 from $13.
- BA is set to extend its post-earnings downtrend today. The stock gave up 2.3% to end at $126.71 on Wednesday, making it the worst-performing blue chip on the day. Analysts continue to lace into The Boeing Company, with BofA-Merrill Lynch downgrading the shares to "neutral" from "buy." (J.P. Morgan Securities, on the other hand, upped its price target on the equity by $1 to $168.)
- Finally, TRIP is headed for a 10% plunge out of the gate, as Wall Street pans the company's second-quarter earnings report. Among the handful of analysts weighing in on TripAdvisor Inc, Susquehanna cut its price target on the stock to $98 from $100, while Cantor downgraded the equity to "hold." One group likely celebrating the firm's earnings miss: short sellers. Short interest accounts for 12.2% of TRIP's total available float, representing more than eight sessions' worth of pent-up buying demand, at the stock's average pace of trading. On Wednesday, TRIP settled at $107.36.