Analyst Update: Under Armour Inc, Trueblue Inc, and Community Health Systems

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

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.

A Schaeffer's exclusive!

The Expert's Guide

Access your FREE trading earning announcements before it's too late!


 
 

Partnercenter


NEW! Explore Schaeffer’s Partners' deals and get connected to top online brokerages with deals tailored exclusively for our readers.  Get answers to your questions regarding transfer fees, commission rates, programs and available discounts related to online trading services.

MORE | MARKETstories


The Latest Investor's Guide to Precious Metals
Learn how to protect savings and maximize returns by investing in precious metals.
HD Stock Sinks on Bear Notes, In-Store Changes
Home Depot stock received price target cuts after sharing in-store changes
Macy's Stock Hits New Lows After Being Booted from S&P 500
Carrier Global will replace Macy's on the S&P 500
The Latest Investor's Guide to Precious Metals
Learn how to protect savings and maximize returns by investing in precious metals.