Schaeffer's Trading Floor Blog

Analyst Update: GoPro Inc, UnitedHealth Group Inc., and Cirrus Logic, Inc.

Analysts adjusted their ratings on GPRO, UNH, and CRUS

by 7/15/2014 2:49 PM
Stocks quoted in this article:

Analysts are weighing in today on photo equipment firm GoPro Inc (NASDAQ:GPRO), insurance giant UnitedHealth Group Inc. (NYSE:UNH), and integrated circuit specialist Cirrus Logic, Inc. (NASDAQ:CRUS). Here's a quick look at today's brokerage notes on GPRO, UNH, and CRUS.

  • JMP Securities started coverage of GPRO with a "market outperform" rating and a $60 price target, citing "a multitude of underpenetrated and/or untapped opportunities to monetize its technology and brand." As a result, GoPro Inc has bounced back from yesterday's slump, rallying 12.6% to trade at $41.49. However, the shares peaked earlier today at $42.10 -- which happens to be the site of GPRO's newly formed 10-day moving average.

  • Cowen and Company increased its price target on UNH to $91 from $85 and backed its "outperform" rating, just one day after Susquehanna hiked its forecast for the Dow component to $96 from $94. UnitedHealth Group Inc. hit a new record high of $84.74 earlier in the session, but has since shed 0.5% to trade at $83.86. Looking ahead, UNH is due to report its second-quarter earnings before the market opens this Thursday, July 17. Following its last quarterly report, on April 17, the stock suffered a one-day slide of more than 3%.

  • CRUS scored a price-target hike to $18 from $16 at Barclays, though the brokerage firm maintains a less-than-stellar "underweight" rating on the security. Shares of Cirrus Logic, Inc. are fractionally higher this afternoon at $23.91 -- just below familiar pressure in the $24-$26 neighborhood. This area has acted as a stubborn technical roadblock for CRUS since February 2013. Meanwhile, most analysts have joined Barclays in the skeptical camp; 71% of brokerage firms have deemed CRUS a "hold" or "sell."

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.