Analyst Update: ARM, Community Health, Chart Industries

Analysts adjusted their ratings on ARM Holdings plc (ADR) (NASDAQ:ARMH), Community Health Systems (NYSE:CYH), and Chart Industries, Inc. (NASDAQ:GTLS)

Jun 26, 2015 at 1:48 PM
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Analysts are weighing in today on microprocessing savant ARM Holdings plc (ADR) (NASDAQ:ARMH), hospital operator Community Health Systems (NYSE:CYH), and industrial issue Chart Industries, Inc. (NASDAQ:GTLS). Here's a quick roundup of today's brokerage notes on ARMH, CYH, and GTLS.

  • ARMH is taking it on the chin today, after receiving a downgrade to "underperform" from "market perform," and a price-target cut to 800p from 1,000p, at Bernstein. Specifically, the brokerage firm said, "We see a genuine risk of the smartphone slowdown observed in 1Q 2015 being the first of a series, more than an inventory correction." At last check, the shares were off 5.4% at $50.99. In recent months, ARM Holdings plc has been churning in the $51-$54 range, following a sharp rally off its annual low of $37.75 in late October. Options traders, meanwhile, have been counting on a break out. ARMH's 10-day International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) call/put volume ratio sits at 18.66 -- above all but 10% of readings from the past year.

  • CYH is fresh off a record high of $64.82, as healthcare stocks continue to surge in the wake of the Supreme Court's Obamacare ruling. Also helping the shares climb is a rush of bullish brokerage attention. For instance, Wells Fargo and Mizuho -- which also weighed in on Tenet Healthcare Corp (NYSE:THC) -- both upgraded Community Health Systems to the equivalent of a "buy" opinion, while the latter bumped its price target to $83.90, as well. Jefferies, which upped its price target to $79, said, "we believe hospital stocks still have room to run up as multiples continue to gradually creep higher to more appropriate levels." On the other hand, Raymond James downgraded CYH to "market perform." Taking a step back, the brokerage crowd has been bullish toward the shares for some time, as 70% rate them a "buy" or better, with not a single "sell" to be found. At last check, CYH is up 3% at $64.31.

  • GTLS is benefiting from an upgrade to "buy" at Northcoast, adding 5.4% to flirt with $37.22. Longer term, the shares have now advanced 8.8% year-to-date, and are on track to close above their 80-day moving average -- which rejected a rally earlier this month -- for the first time since May 21. Elsewhere, short-term options traders have been call-skewed toward Chart Industries, Inc. The stock's Schaeffer's put/call open interest ratio (SOIR) of 0.59 sits below more than four-fifths of comparable readings from the past year.
 

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