Analyst Update: McDonald's, Oracle, Boot Barn

Analysts adjusted their ratings on McDonald's Corporation (MCD), Oracle Corporation (ORCL), and Boot Barn Holdings Inc (BOOT)

Nov 11, 2015 at 1:52 PM
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Analysts are weighing in today on burger-making blue chip McDonald's Corporation (NYSE:MCD), computer interest Oracle Corporation (NYSE:ORCL), and footwear retail concern Boot Barn Holdings Inc (NYSE:BOOT). Here's a quick roundup of today's brokerage notes on MCD, ORCL, and BOOT.

  • ORCL received another analyst downgrade -- this time at Morgan Stanley -- to "equal weight" from "overweight," despite recent insistence from Oracle Corporation CEO Mark Hurd that the tech company "is winning" in the cloud. While ORCL has been making up some ground since hitting an annual low in August, the shares are still down 12.6% in 2015, and were last seen trading at $39.28, a loss of 1.6% for the day. While 14 of 25 analysts following the security give it a "buy" rating or better, near-term option traders are more put-biased than usual. Oracle's SOIR of 1.08 is higher than 91% of readings taken in the last 52 weeks. More bearish brokerage notes -- or an uninspiring shareholder meeting next Wednesday, Nov. 18 -- could easily add to selling pressure and send the shares lower. 

  • BOOT hit a new record low of $12.30 today, and was last seen trading down 12.2% at $13.01. BOOT last night reported quarterly earnings that matched Street expectations, but sales figures were disappointing, and the company cut its current-quarter and full-year forecasts. Unsurprisingly, Boot Barn Holdings Inc was the recipient of some bearish brokerage attention, garnering a downgrade to "hold" from "buy" at BB&T, as well as price-target cuts to $25 from $31 at Jefferies, and to $19 from $23 at J.P. Morgan Securities. While five of the six firms following the stock still give it a "strong buy" rating -- leaving the door wide open for additional downgrades -- short interest jumped 24.5% during the most recent reporting period. Currently, 16.5% of the stock's float is sold short, which would take more than a week to buy back, at the stock's average daily pace of trading.

For other stocks in analysts' crosshairs, read Analyst Upgrades: Alphabet Inc, Tower Semiconductor Ltd., and Microsoft Corporation and Analyst Downgrades: Kohl's Corporation, Keurig Green Mountain Inc, and EMC Corporation. 

 

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