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Analyst Update: Caesars Entertainment Corp, Tiffany & Co., and Trina Solar Limited (ADR)

Analysts adjusted their ratings on CZR, TIF, and TSL

by 8/27/2014 1:21 PM
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Analysts are weighing in today on casino king Caesars Entertainment Corp (NASDAQ:CZR), jewelry merchant Tiffany & Co. (NYSE:TIF), and alternative energy specialist Trina Solar Limited (ADR) (NYSE:TSL). Here's a quick look at today's brokerage notes on CZR, TIF, and TSL.

  • CZR is down 2.5% this afternoon to trade at $13.37, following a price-target reduction to $9 from $17 at Imperial Capital. Longer term, it's been a rough year for the shares, which have shed nearly 38% in 2014. As such, short interest on Caesars Entertainment Corp is on the rise, growing 13.3% during the two most recent reporting periods to 29.5% of the equity's float. At the stock's typical daily trading rate, it would take almost three weeks to cover these bearish bets.

  • TIF is fresh off a record high of $105.66, after announcing strong second-quarter results and forward guidance. The news was met with price-target hikes from no fewer than four brokerage firms -- including Sterne Agee, which boosted its target to $110 from $108. Additional upward revisions may be in the cards, too, considering Tiffany & Co.'s consensus 12-month price target of $105.05 is just a stone's throw away from the stock's current perch. The shares were last seen 1.5% higher at $102.28.

  • TSL has partially recovered from yesterday's earnings-induced sell-off, up 2.2% this afternoon at $12.57. This, despite the stock seeing its price target lowered to $18 from $21 at Cowen. Taking a step back, shares of Trina Solar Limited (ADR) are off nearly 8% on a year-to-date basis. Not surprisingly, short sellers have taken a liking to the security, as 22.6% of its float is sold short -- a quantity that would take more than a week to buy back, at TSL's average daily trading volume.

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