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
facebook twitter linkedin


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%.
Get the skinny on all the biggest stories of the morning… Sign up now to get Schaeffer's Midday Market Check delivered straight to your inbox!

Celebrate 40 Years of Schaeffer's With 4 FREE Stock Picks!


 




 
Special Offers from Schaeffer's Trading Partners