Analyst Downgrades: Activision Blizzard, Inc., Ford Motor Company, and Google Inc

Analysts downwardly revised their ratings on ATVI, F, and GOOGL

by Alex Eppstein

Published on Oct 27, 2014 at 9:31 AM
Updated on Apr 20, 2015 at 5:32 PM

Analysts are weighing in today on video game maker Activision Blizzard, Inc. (NASDAQ:ATVI), automaker Ford Motor Company (NYSE:F), and online search giant Google Inc (NASDAQ:GOOGL). Here's a quick roundup of today's bearish brokerage notes on ATVI, F, and GOOGL.

  • Brean Capital trimmed its price target on ATVI to $25 from $26, but maintained its "buy" rating. On the charts, the shares have advanced a respectable 7.5% year-to-date to trade at $19.17. Meanwhile, at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), traders have bought to open nearly 10 Activision Blizzard, Inc. calls for every put during the past two weeks. The resultant 10-day call/put volume ratio across this trio of exchanges is 9.77, in the 84th percentile of its annual range.

  • F, which is reportedly prepared to inject more than $5 billion into resurrecting its Lincoln brand, got hit with another pair of bearish brokerage notes this morning. Specifically, Deutsche Bank cut its price target on the stock to $16 from $18 (while maintaining its "buy" rating), and Credit Suisse slashed its outlook to $13.50 from $15.50 (while maintaining its "neutral" assessment). On the charts, shares of Ford Motor Company are off nearly 22% year-over-year at $13.78, and hit a fresh annual low of $13.26 earlier this month. Nevertheless, Wall Street is evenly split on the security. Half of the 14 analysts covering F have doled out a "buy" or better endorsement, while the rest have handed out either a "hold" or "strong sell" opinion.

  • Finally, Monness Crespi Hardt initiated coverage on GOOGL with a "neutral" rating and $605 price target -- representing expected upside of 10.2% from Friday's close at $548.90. Taking a step back, the shares are sitting about 2% south of year-to-date breakeven. That said, it wouldn't be surprising to see the brokerage bunch continue to shift gears on Google Inc, via a round of downgrades and/or price-target cuts. Twenty-seven out of the 30 analysts following the stock have given it a "buy" or better rating, compared to a trio of "holds" and not a single "sell" recommendation. What's more, the stock's consensus 12-month price target of $652.91 stands in territory yet to be explored by GOOGL.

A Schaeffer's exclusive

TOP STOCK PICKS 2020

Access your FREE insider report before it's too late!


 
 

Partnercenter


NEW! Explore Schaeffer’s Partners' deals and get connected to top online brokerages with deals tailored exclusively for our readers.  Get answers to your questions regarding transfer fees, commission rates, programs and available discounts related to online trading services.

MORE | MARKETstories


IRA/401k: The Crash-Proof Retirement Plan
Use gold to protect any IRA, 401(k), or retirement account from a looming financial crisis.
Stocks Eye Notable Weekly Gains on 3-Day Surge
Stocks are eyeing big weekly gains
WW Stock Brushes Off Bull Note
Morgan Stanley upgraded the Weight Watchers parent to "overweight" from "equal weight"
IRA/401k: The Crash-Proof Retirement Plan
Use gold to protect any IRA, 401(k), or retirement account from a looming financial crisis.