Analyst Downgrades: DreamWorks, Exxon Mobil, Momenta

Analysts downwardly revised their ratings on Dreamworks Animation Skg Inc (DWA), Exxon Mobil Corporation (XOM), and Momenta Pharmaceuticals, Inc. (MNTA)

Jan 23, 2015 at 9:22 AM
facebook X logo linkedin

Analysts are weighing in today on entertainment issue Dreamworks Animation Skg Inc (NASDAQ:DWA), commodity concern Exxon Mobil Corporation (NYSE:XOM), and generic drugmaker Momenta Pharmaceuticals, Inc. (NASDAQ:MNTA). Here's a quick roundup of today's bearish brokerage notes on DWA, XOM, and MNTA.

  • DWA is down 13% in electronic trading, following a big announcement from the firm. Specifically, Dreamworks Animation Skg Inc will axe roughly 500 positions, reduce its yearly film output, and shake-up its current management structure. The news was met with a downgrade to "underperform" from "market perform" and a price-target cut to $14 from $21 at Cowen and Company, while Janney reduced its outlook to "sell" from "neutral." Piper Jaffray, however, raised its rating on DWA to "overweight" from "neutral." The security has been a long-term laggard, shedding nearly 38% over the past 52 weeks amid pressure from its 40-week moving average, and settled last night at $21.31. Short sellers have been rolling the dice on more downside, too. Short interest surged 18.1% during the last two reporting periods, and now accounts for nearly 15% of the security's available float.

  • It's been a rough ride for XOM in recent months, with the shares off more than 11% from their late-July record peak of $104.76 to trade at $92.87. This -- as well as crude oil's continued slump -- may have been what prompted Credit Suisse to lower its rating to "underperform" from "neutral." This negative outlook is seen elsewhere on the Street, as well. At the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), for example, XOM's 10-day put/call volume ratio of 3.04 ranks in the 94th percentile of its annual range. Simply stated, Exxon Mobil Corporation puts have been bought to open over calls with more rapidity just 6% of the time within the past year.

  • It's been a tough week for MNTA -- which is down nearly 11% from last Friday's close, after being dealt a blow by the Supreme Court on Tuesday. This equity is poised to extend these losses today, following a downgrade to "hold" from "sell" and a price-target cut to $7 from $17 at Maxim. There's plenty of room for another round of bearish brokerage notes for a stock that's shed more than 42% year-over-year. All four analysts covering Momenta Pharmaceuticals, Inc. maintain a "strong buy" rating. Plus, the average 12-month price target of $15.44 stands at a 38% premium to last night's close at $11.19, as well as in territory not charted since last March.

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI