Analyst Downgrades: Cyberark Software Ltd, Advanced Micro Devices, Inc., and The Boeing Company

Analysts downwardly revised their ratings on Cyberark Software Ltd (CYBR), Advanced Micro Devices, Inc. (AMD), and Boeing Co (BA)

by Karee Venema

Published on Feb 23, 2015 at 9:19 AM
Updated on Apr 20, 2015 at 5:32 PM

Analysts are weighing in today on cybersecurity stock Cyberark Software Ltd (NASDAQ:CYBR), chipmaker Advanced Micro Devices, Inc. (NASDAQ:AMD), and blue chip Boeing Co (NYSE:BA). Here's a quick roundup of today's bearish brokerage notes on CYBR, AMD, and BA.

  • CYBR is down 4.4% in electronic trading, after J.P. Morgan Securities downgraded the stock to "underweight" from "neutral," explaining, "A lot needs to go right to justify [the] current share price." The stock has been in rally mode in 2015 -- and more so, this month -- adding 77.4%, and hit a record high of $70.48 on Friday, before settling at $70.35. Against this backdrop, Cyberark Software Ltd's 14-day Relative Strength Index (RSI) has jumped to 89 -- comfortably in overbought territory -- suggesting a near-term pullback may have been in the cards.

  • Exane BNP Paribas started AMD with a lukewarm "underperform" rating, and a price target of $2.30 -- representing expected downside of nearly 25% to last Friday's close at $3.06. Although the stock has made some headway in 2015 -- tacking on 14.6% -- AMD remains a long-term laggard. Specifically, since hitting a two-year high of $4.80 last July, the equity has shed more than 36%. As such, put players have been betting big. In fact, Advanced Micro Devices, Inc.'s Schaeffer's put/call open interest ratio (SOIR) of 2.33 ranks in the 97th annual percentile, meaning short-term speculators have been more put-heavy just 3% of the time within the past year.

  • An upbeat analyst note sent BA to its highest perch on record of $158.83 Friday, before the stock settled at $158.31. Today, the shares are poised to pull back from this notable milestone, after Goldman Sachs cut its outlook on BA to "sell" from "neutral." (Stifel, meanwhile, upped its price target on Boeing Co by $15 to $175.) For the most part, the majority of analysts are optimistic toward a stock that's added 21.8% year-to-date. Of the 17 analysts covering the shares, 12 maintain a "strong buy" rating, versus five "holds," and not a single "sell" to be found.

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