Analyst Update: American International Group Inc, Cliffs Natural Resources Inc, and Nu Skin Enterprises, Inc.

Analysts adjusted their ratings on AIG, CLF, and NUS

by Alex Eppstein

Published on Oct 20, 2014 at 11:40 AM
Updated on Apr 20, 2015 at 5:10 PM

Analysts are weighing in today on insurance issue American International Group Inc (NYSE:AIG), mining company Cliffs Natural Resources Inc (NYSE:CLF), and personal care products marketer Nu Skin Enterprises, Inc. (NYSE:NUS). Here's a quick look at today's brokerage notes on AIG, CLF, and NUS.

  • AIG has edged 0.4% higher to trade at $50.98, following an upgrade to "buy" from "hold" at Deutsche Bank. The brokerage firm likewise raised its price target on the stock by $1 to $60. This, despite shares of American International Group Inc sitting slightly in the red on a year-to-date basis. Elsewhere, options traders have expressed pessimism toward the equity in recent weeks. Specifically, AIG's 10-day International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) put/call volume ratio of 1.04 sits just 8 percentage points from a 52-week peak.

  • CLF was hit with a downgrade to "sell" from "neutral" -- as well as a price-target cut to $5 -- at Citigroup earlier, but has nonetheless added 1.1% to hover near $8.84. Taking a step back, it's been a miserable year for the shares, which have shed approximately two-thirds of their value in 2014. Not surprisingly, the majority of covering analysts are pessimistic toward Cliffs Natural Resources Inc, with 11 out of 13 firms sporting a "hold" or worse rating. On the fundamental front, the company will report third-quarter earnings one week from today's close.

  • NUS has tacked on 1.1% to trade at $44.09, after receiving a "buy" initiation and $75 price target from Pivotal Research. Such optimism is rare for the stock, which is down roughly 68% on a year-to-date basis. For example, 10.3% of Nu Skin Enterprises, Inc.'s float is sold short, as short interest expanded 31.7% during the two most recent reporting periods. What's more, the security's 50-day ISE/CBOE/PHLX put/call volume ratio of 2.72 ranks in the bearishly skewed 85th percentile of its annual range.

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