Analyst Downgrades: 3D Systems Corporation, Stratasys, Ltd., and Devon Energy Corp

Analysts downwardly revised their ratings and price targets on 3D Systems Corporation (NYSE:DDD), Stratasys, Ltd. (NASDAQ:SSYS), and Devon Energy Corp (NYSE:DVN)

Jan 26, 2016 at 10:12 AM
facebook X logo linkedin

Analysts are weighing in on 3-D printing stocks 3D Systems Corporation (NYSE:DDD) and Stratasys, Ltd. (NASDAQ:SSYS), as well as oil-and-gas issue Devon Energy Corp (NYSE:DVN). Here's a quick roundup of today's bearish brokerage notes on DDD, SSYS, and DVN.

  • UBS slashed its price target on DDD by $3 to $6 -- matching the fresh five-year low the stock tagged last Wednesday. The negative analyst attention has sent 3D Systems Corporation down 2.9% to $6.78, and has widened its year-over-year deficit to 77%. Short sellers have been betting on more downside, too. In the most recent reporting period, short interest rose 1.5%, and now accounts for roughly 32% of DDD's available float.

  • Sector peer SSYS, meanwhile, was hit with a downgrade to "neutral" from "overweight" and price-target cut to $19 from $24 at J.P. Morgan Securities. The equity was also in UBS' crosshairs, with the brokerage firm lowering its target price to $16 from $18. Against this backdrop, the shares have slid 7.2% to $15.59 -- after earlier panning a new six-year low of $14.98. In the options pits, the stock's 50-day International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) call/put volume ratio of 3.32 sits above all other comparable readings taken in the past year. In short, bullish bets have been more popular than normal in recent weeks. 

  • DVN was met with a price-target cut to $44 from $64 at Credit Suisse this morning. Stabilizing oil prices are helping to overshadow the bearish brokerage note, with shares of DVN up 3.2% at $23.50. Today's positive price action marks a change of pace for the stock, which has shed nearly 52% since its early November high of $48.68 -- and tagged a 16-year low of $16.26 last Wednesday. Option traders, meanwhile, have been buying to open puts over calls at a rapid-fire rate, per Devon Energy Corp's 50-day ISE/CBOE/PHLX put/call volume ratio of 1.26 -- in the 94th annual percentile.
Sign up now for Schaeffer's Opening View newsletter to get a head start on all the major pre-market news!


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI