Analyst Downgrades: Kohl's, Keurig, and EMC Corp

Analysts downwardly revised their ratings on Kohl's Corporation (NYSE:KSS), Keurig Green Mountain Inc (NASDAQ:GMCR), and EMC Corporation (NYSE:EMC)

Nov 11, 2015 at 9:46 AM
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Analysts are weighing in on retailer Kohl's Corporation (NYSE:KSS), coffee enthusiast Keurig Green Mountain Inc (NASDAQ:GMCR), and IT concern EMC Corporation (NYSE:EMC). Here's a quick roundup of today's bearish brokerage notes on KSS, GMCR, and EMC.

  • Ahead of the company's quarterly report tomorrow, KSS got hit with a price-target cut to $57 from $61 at Jefferies, though the brokerage firm maintained its "buy" opinion. Elsewhere on the Street, other analysts are mixed, with eight saying the shares are a "strong buy," and eight others doling out "hold" or "strong sell" opinions. The bears are winning the day so far, with Kohl's Corporation shares 4% lower at $43.77 -- very close to an annual low.  
  • GMCR has plunged 6% to sit at $47.03, after SunTrust Robinson sliced its price target to $50 from $60. Bearish brokerage notes are nothing new for Keurig Green Mountain Inc, though, as just two of 16 analysts offer up "buy" or better opinions. Likewise, the stock's 10-day put/call volume ratio on the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) sits at 1.10 -- in the 98th percentile of its annual range. In other words, GMCR option buyers have been picking up puts over calls at a faster-than-usual clip during the past two weeks. That's no surprise, though, considering GMCR has retreated 65% in 2015.
  • Wells Fargo cut its opinion of EMC to "market perform" from "outperform." This downgrade comes in light of a Re/code report suggesting the company's deal with Dell could fall through due to tax complications, which sent the shares of EMC 2.2% lower yesterday. Today, however, EMC Corporation shares have muscled back to the $25.37 area, up 0.5%.
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