Schaeffer's Trading Floor Blog

Analyst Downgrades: Groupon Inc, 3D Systems Corporation, and Halliburton Company

Analysts downwardly revised their ratings on GRPN, DDD, and HAL

by 2/24/2014 9:45 AM
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Analysts are weighing in today on daily deals provider Groupon Inc (NASDAQ:GRPN), printing solutions specialist 3D Systems Corporation (NYSE:DDD), and oil and gas company Halliburton Company (NYSE:HAL). Here's a quick roundup of today's bearish brokerage notes.

  • UBS jumped on the bearish bandwagon for GRPN this morning, following the stock's earnings-induced 21.9% plunge to $8.03 on Friday. Specifically, the brokerage firm cut its price target on the security to $8.75 from $11. Meanwhile, short-term speculators are currently more call-biased on Groupon Inc than they have been throughout the past 12 months, as the equity's Schaeffer's put/call open interest ratio (SOIR) of 0.33 ranks lower than all comparable readings from the past year.

  • DDD -- which reports fourth-quarter earnings Friday morning -- saw its rating drop to "underperform" from "buy" at BofA-Merrill Lynch earlier today. So far, 2014 hasn't been too kind to 3D Systems Corporation, as the shares are currently down 18.2% to trade at $76.17. Meanwhile, short interest is up 13.1% from the Jan. 1 reporting period, and now accounts for 17.4% of the stock's available float. This is equivalent to 16.6 million shares sold short.

  • HAL -- which has gained 15.4% over the past month to trade at $56.08 -- received a downgrade to "market perform" from "outperform" at Wells Fargo this morning. (Raymond James, meanwhile, upwardly adjusted its rating.) Elsewhere, Halliburton Company has racked up a SOIR of 0.42, with calls more than doubling puts among options expiring within three months. This ratio ranks 1 percentage point from a 12-month low, demonstrating the call activity among short-term speculators is nearing annual-high levels.

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