Analyst Update: Wynn Resorts, Limited, Coach, Gilead

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

Sep 10, 2015 at 12:39 PM
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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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