Analyst Update: Under Armour, Trueblue, Community Health

Analysts adjusted their ratings and price targets on Under Armour Inc (NYSE:UA), Trueblue Inc (NYSE:TBI), and Community Health Systems (NYSE:CYH)

by Josh Selway

Published on Oct 22, 2015 at 3:36 PM
Updated on Jun 29, 2020 at 4:00 PM

Analysts are weighing in today on apparel focus Under Armour Inc (NYSE:UA), workforce solutions specialist Trueblue Inc (NYSE:TBI), and healthcare concern Community Health Systems (NYSE:CYH). Here's a quick roundup of today's brokerage notes on UA, TBI, and CYH.

  • UA is getting whacked today, sliding 7.3% to $91.92, after the company's third-quarter earnings report sparked margin worries across the Street. Nonetheless, Credit Suisse raised its price target to $74 from $52, though that's obviously still a substantial discount to current levels. Brokerage firms are somewhat split on the stock, with 15 saying it's a "strong buy," and the remaining 11 covering analysts saying it's just a "hold." Technically speaking, today's price action is an oddity for Under Armour Inc. Coming into the session, the shares were up 46% in 2015 and knocking on the door of triple-digit territory. 

  • TBI, on the other hand, is moving up the charts, last seen 20.7% higher at $27.50, after the company released mixed third-quarter numbers but issued upbeat current-quarter guidance. In response, Baird raised its opinion to "outperform" -- citing a "broad, material shift in TrueBlue's business momentum" -- and Deutsche Bank bumped its price target to $28 from $26, saying the firm's organic revenue growth trends are "much better than we expected." None of this is good news for Trueblue Inc's option traders. The security's 10-day International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) put/call volume ratio comes in at 1.50, meaning put buying has been more popular than call buying recently. 

  • Lastly, there's CYH, which is getting flat-out destroyed after the company last night warned of weak current-quarter numbers. The announcement has the shares 35.3% lower at $26.33, and they earlier hit a three-year low of $25.36. The stock is also being pounded by negative analyst attention, including downgrades to "neutral" at Susquehanna, Mizuho, and BofA-Merrill Lynch, and no fewer than four price-target cuts. Short sellers are happy to see it. Short interest on Community Health Systems jumped by 31% during the two most recent reporting periods. Today, however, the stock is on the short-sale restricted list.
For other stocks in analysts' crosshairs, read Analyst Upgrades: GoDaddy Inc, eBay Inc, and ARM Holdings plc and Analyst Downgrades: Valeant Pharmaceuticals Intl Inc, Kinder Morgan Inc, and Lululemon Athletica inc.

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