Schaeffer's Trading Floor Blog
Stocks quoted in this article:

Analysts are weighing in today on oil and gas company Halliburton Company (NYSE:HAL), food producer The J.M. Smucker Company (NYSE:SJM), and weight management concern Weight Watchers International, Inc. (NYSE:WTW). Here's a quick roundup of today's bearish brokerage notes.

  • HAL -- which sports a modest 12-month gain of 25.5% to sit at $53.57 -- saw its price target drop to $75 from $84 at Deutsche Bank this morning. Elsewhere, the equity has received 20 "buy" or better endorsements, compared to just 6 "hold" or worse suggestions -- plus its average 12-month price target comes in at $63.78, representing expected upside to its current perch.

  • SJM's fiscal third-quarter earnings report and revised 2014 guidance were poorly received on Wall Street on Friday. This morning, Bernstein slashed its price target on the shares by $10 to $115, while Jefferies and Deutsche Bank also lowered their own price targets. So far in 2014, The J.M. Smucker Company has shed 11.4% to trade at $91.81. With that being said, short interest shot up 19.4% during the latest reporting period, though it still represents a slim 2.2% of the stock's available float.

  • WTW's disappointing fiscal first-quarter earnings forecast on Thursday caused the shares to plunge 27.7% in Friday's session to a multi-year closing low of $22.10. Subsequently, Barclays downgraded the stock to "underweight" from "equal weight," and lowered its price target to $15 from $31 this morning. Elsewhere, short interest on Weight Watchers International, Inc. accounts for a jaw-dropping 46.8% of the equity's float. It would take more than nine sessions to cover these bearish bets, at WTW's average daily volume.

permanent link
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

Partner Center

© 2014 Schaeffer's Investment Research, Inc. 5151 Pfeiffer Road, Suite 250, Cincinnati, Ohio 45242 Phone: (800) 448-2080 FAX: (513) 589-3810 Int'l Callers: (513) 589-3800 Email: service@sir-inc.com

All Rights Reserved. Unauthorized reproduction of any SIR publication is strictly prohibited.

Market Data provided by QuoteMedia.com | Data delayed 15-20 minutes unless otherwise indicated.