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Analyst Update: Netflix, Anadarko Petroleum, Skyworks

Analysts adjusted their ratings on Netflix, Inc. (NFLX), Anadarko Petroleum Corporation (APC), and Skyworks Solutions Inc (SWKS)

Jan 7, 2016 at 1:47 PM
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Analysts are weighing in today on streaming issue Netflix, Inc. (NASDAQ:NFLX), energy giant Anadarko Petroleum Corporation (NYSE:APC), and Apple supplier Skyworks Solutions Inc (NASDAQ:SWKS). Here's a quick roundup of today's brokerage notes on NFLX, APC, and SWKS.

  • NFLX is getting hit hard, down 2.3% at $114.95, despite a price-target hike to $164 at BofA-Merrill Lynch. Of course, this is a drop in the bucket, considering the shares soared over 9% yesterday following upbeat remarks on the company's growth by CEO Reed Hastings. As we've stated before, it's dangerous to bet against Netflix, Inc., and it seems option traders feel the same. The stock's 50-day International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) call/put volume ratio checks in at 1.37 -- just 5 percentage points from an annual peak.

  • APC is sliding in sympathy with crude oil, earlier touching a five-year low of $41.01, and last seen down 6% at $41.15. Contributing to the downward momentum, Deutsche Bank slashed its rating to "hold" from "buy," and its price target to $60 from $85. Additional bearish attention remains a possibility for Anadarko Petroleum Corporation. Sixteen of 21 analysts maintain "buy" or better endorsements on the shares, while APC's consensus 12-month price target of $77.33 stands at an 86.5% premium to current trading levels.

  • Apple Inc. (NASDAQ:AAPL) has had a rough go of it lately, and its suppliers have felt the effects. SWKS is certainly no exception, down 2.4% today -- and 12% on the week -- at $67.46. Adding insult to injury, Citigroup earlier cut its price target to $98 from $115. More broadly speaking, the brokerage crowd is extremely bullish toward Skyworks Solutions Inc, with 100% of analysts doling out "buy" or better ratings. If that's not enough, SWKS' average 12-month price target of $108.70 sits at a more than 60% premium to the current price.
For other stocks in analysts' crosshairs, read Analyst Upgrades: Southwest Airlines Co, Whole Foods Market, Inc., and Zumiez Inc. and Analyst Downgrades: Apple Inc., HP Inc, and Macy's, Inc.
 

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