Analyst Update: Wynn Resorts, Limited, Coach, Gilead

Analysts adjusted their ratings on Wynn Resorts, Limited (WYNN), Coach Inc (COH), and Gilead Sciences, Inc. (GILD)

by Mark Fightmaster

Published on Sep 10, 2015 at 12:39 PM
Updated on Jun 29, 2020 at 3:49 PM

Analysts chimed in on casino resort operator Wynn Resorts, Limited (NASDAQ:WYNN), fashion firm Coach Inc (NYSE:COH), and biopharmaceutical company Gilead Sciences, Inc. (NASDAQ:GILD). Here's a quick roundup of today's brokerage notes on WYNN, COH, and GILD.

  • WYNN is 4.2% lower at $69.96 this afternoon -- and fresh off a five-year low of $68.11 -- after Susquehanna cut the casino operator's target price. The brokerage lowered Wynn Resorts, Limited to $83 from $100 with a "neutral" rating. Technically, the stock has had a rather rough year, shedding 56% from February's year-to-date high of $160.41 to its current price. With the stock mired in this nasty downtrend, short sellers have been upping the bearish ante, as 10% of the equity's float is currently sold short.

  • COH is 1.6% higher at $29.51, after RBC Capital initiated coverage with an "outperform" rating and a price target of $36. Today's rally moves against Coach Inc's overall trend, as the stock is 33% lower from its annual high of $43.87, hit in the first week of March. Option players have taken notice, as COH's 50-day put/call volume ratio on the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) of 1.13 is higher than 90% of the readings taken during the past 52 weeks.
  • GILD has advanced 4.1% this afternoon to $108.04, after Jyske Bank echoed the positive outlook of most analysts, and upped the biopharmaceutical firm to "strong buy" with a price target of $125. Gilead Sciences, Inc. is currently testing its 10-month moving average -- a trendline that has provided both support and resistance in the past. Meanwhile, sentiment among the options crowd is upbeat, per GILD's 10-day ISE/CBOE/PHLX call/put volume ratio of 3.20 -- in the 87th annual percentile.
For other stocks in analysts' crosshairs, read Analyst Upgrades: Palo Alto Networks Inc, TerraForm Power Inc, and BlackRock, Inc. and Analyst Downgrades: Apple Inc., Krispy Kreme Doughnuts, and Micron Technology, Inc.

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