Analyst Downgrades: Google Inc, Xilinx, Inc., and Travelzoo Inc.

Analysts issued bearish notes on GOOGL, XLNX, and TZOO

by Elizabeth Harrow

Published on Oct 17, 2014 at 9:23 AM
Updated on Apr 20, 2015 at 5:10 PM

Analysts are downwardly revising their ratings today on search giant Google Inc (NASDAQ:GOOGL), integrated circuit specialist Xilinx, Inc. (NASDAQ:XLNX), and travel site Travelzoo Inc. (NASDAQ:TZOO). Here's a quick look at today's bearish brokerage notes on GOOGL, XLNX, and TZOO.

  • Following last night's third-quarter results, at least 22 analysts have cut their price targets on GOOGL. Wedbush set the lowest bar for Google Inc by dropping its target all the way to $530 -- south of Thursday's close at $536.92 -- while Topeka Capital and B Riley both bucked the trend by raising their price targets (to $700 and $632, respectively). GOOGL is shrugging off all of this negative attention by adding 0.6% ahead of the bell, with the tech giant looking to pare its 2014 deficit of 4.3%. With the stock's Relative Strength Index (RSI) at a slim 30, it's possible the shares were a little oversold heading into Thursday evening's report.

  • XLNX has also been hammered with price-target cuts on the heels of its quarterly earnings, as seven firms have downwardly revised their forecasts for the stock this morning. Deutsche Bank and Topeka have the lowest expectations for Xilinx, Inc., with both firms dropping their targets to $43. However, Wells Fargo offered a counterpoint to all the cuts by upgrading XLNX to "outperform." On the charts, XLNX is off 16.2% year-to-date to close Thursday at $38.49. Prior to today's flurry of negative notes, the equity's average 12-month price target stood at an ambitious $50.09 -- in territory XLNX hasn't charted since April.

  • Following Thursday's earnings-related slide of more than 10%, Benchmark slashed its price target on TZOO to $12 from $19 -- representing a roughly 10% discount to yesterday's close at $13.33. Travelzoo Inc. has taken it on the chin in 2014, off 37.5% since the start of the year. Accordingly, not a single analyst has deemed TZOO worthy of a "buy" rating, and the stock's short-interest ratio stands at a formidable 8.40 days to cover.

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