Analyst Downgrades: Transocean, Keurig, and Yelp

Analysts downwardly revised their ratings on Transocean LTD (NYSE:RIG), Keurig Green Mountain Inc (NASDAQ:GMCR), and Yelp Inc (NYSE:YELP)

Jul 6, 2015 at 9:32 AM
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Analysts are weighing in today on offshore drilling concern Transocean LTD (NYSE:RIG), coffee brewer Keurig Green Mountain Inc (NASDAQ:GMCR), and review site Yelp Inc (NYSE:YELP). Here's a quick roundup of today's bearish brokerage notes on RIG, GMCR, and YELP.

  • RIG is no stranger to bearish analyst attention, as every brokerage firm covering the stock says it's a "hold" or worse. Susquehanna is piling on the pessimistic outlook, lowering its price target to $13 from $14 while underscoring a "negative" rating. The shares have had a miserable time on the charts, losing 65% in the past 12 months, finishing last week at $15.59. Analysts certainly aren't the only ones wary of Transocean LTD. Almost 27% of the equity's float is sold short, which would take over 11 sessions to buy back, at normal daily volumes.

  • GMCR has struggled in 2015, and SunTrust Robinson is expecting more downside. The brokerage firm lowered its price target to $70 from $95, which would mark annual-low territory for the stock, and represents a discount to Thursday's close at $74.33. Elsewhere, option activity has turned bullish, with Keurig Green Mountain Inc's 10-day International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) call/put volume ratio of 1.57 sitting higher than three-fourths of readings from the past year. These traders may be on to something, too. GMCR's 14-day Relative Strength Index (RSI) is in oversold territory at 21.

  • YELP is set to fall 1% out of the gate, hurt by price-target cuts at Piper Jaffray and B. Riley. The former moved its price target down to $40, with the latter setting its mark at $30.50 -- territory the stock hasn't explored since June 2013. After being halted, Yelp Inc touched a two-year low of $36.10 on Thursday before closing at $38.18, and more losses could be forthcoming. Half of the analysts covering YELP say it's a "buy" or better still. Additional bearish brokerage notes could act as headwinds for the struggling stock. 

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