Analyst Update: Century Aluminum, PVH, Yelp

Analysts adjusted their ratings on Century Aluminum Co (CENX), PVH Corp (PVH), and Yelp Inc (YELP)

Feb 9, 2015 at 12:22 PM
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Analysts are weighing in today on aluminum issue Century Aluminum Co (NASDAQ:CENX), apparel company PVH Corp (NYSE:PVH), and online reviewer Yelp Inc (NYSE:YELP). Here's a quick look at today's brokerage notes on CENX, PVH, and Yelp.

  • CENX is down 8.6% this afternoon to hit $23.09, after J.P. Morgan Securities cut its price target on the equity to $17.50 from $20 and downgraded its rating to "underweight" from "neutral." On the charts, Century Aluminum Co -- which reports fourth-quarter earnings after the close on Thursday, Feb. 19 -- has shed 27.3% since hitting a six-year high of $31.75 in late November. Accordingly, sentiment in the stock's options pits is at a pessimistic climax, as its 10-day International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) put/call volume ratio of 105.64 is the highest reading taken over the past year.

  • The shares of PVH hit $102 (their lowest level since October 2012) today, after J.P. Morgan Securities dramatically slashed its price target to $93 from $135, and cut its per-share earnings guidance for the company. At last check, the stock was down 4.7% at $103.54. Year-to-date, the struggling equity is down over 19%. However, call buying is popular in PVH Corp's options pits, with its 10-day ISE/CBOE/PHLX call/put volume ratio of 3.70 sitting in the 73rd percentile of its annual range. What's more, 64% of covering analysts rate the stock a "buy" or better, and its 12-month consensus price target of $141.53 sits at a 36.7% premium to current trading levels, and rests in uncharted territory for PVH.

  • FBN Securities cut its price target on YELP to $60 from $80 this morning -- but reiterated an "outperform" prediction -- prompting the shares to fall to an annual low of $43.01. Yelp Inc, which reported subpar user growth in last week's earnings release, has lost 21.4% year-to-date, and was last seen 4.5% lower at $43.06. Presently, sentiment in the stock's options pits is bullish, with its 50-day ISE/CBOE/PHLX call/put volume ratio of 1.96 reading higher than 72% of all similar annual readings.
 

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