Analyst Downgrades: GoPro, ImmunoGen, DISH Network

Analysts are weighing in on camera maker GoPro Inc (NASDAQ:GPRO), biotech ImmunoGen, Inc. (NASDAQ:IMGN), and satellite TV provider DISH Network Corp (NASDAQ:DISH). Here's a quick roundup of today's bearish brokerage notes on GPRO, IMGN, and DISH.

• GPRO is hurting this morning, down 4.3% to $33.52, after Barron's over the weekend opined that the stock could fall to $25 -- which would mark an all-time low. The shares certainly haven't been too impressive, giving back 47% in 2015 -- and most of that coming in the past few weeks. It's no wonder, then, to see bearish traders flocking to GoPro Inc. Short interest jumped over 39% during the two most recent reporting periods, and now represents more than one-fifth of the equity's float. 


• A sudden round of bearish analyst notes has IMGN 5.7% lower at $13.81. Specifically, Morgan Stanley lowered its opinion to "underweight" from "equal weight," and trimmed its price target by $1 to $9, while both UBS and Cantor Fitzgerald reduced their price targets to $16 and $19, respectively. This pessimistic outlook is directed toward a stock that's easily doubled on the charts year-to-date, and hit a two-year high of $19.43 in mid-July. Still, the majority of analysts are wary of ImmunoGen, Inc., with five out of nine calling it a "hold." 


• DISH is shrugging off price-target cuts at UBS (to $68) and Moffett Nathanson (to $50) -- the latter representing territory not charted since November 2013 -- with the shares up 0.5% at $61.27. The bearish attention isn't exactly surprising, though, when you consider DISH Network Corp has given back 16% in 2015. In the options pits, short-term speculators are much more put-heavy than usual. DISH's Schaeffer's put/call open interest ratio (SOIR) stands at 0.94, which marks an annual high. 

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