Analyst Update: Kohl's, Pacific Biosciences, Atwood Oceanics

Analysts adjusted their ratings and price targets on Kohl's Corporation (NYSE:KSS), Pacific Biosciences of California (NASDAQ:PACB), and Atwood Oceanics, Inc. (NYSE:ATW)

Feb 4, 2016 at 3:12 PM
facebook X logo linkedin


Analysts are weighing in today on retailer Kohl's Corporation (NYSE:KSS), drugmaker Pacific Biosciences of California (NASDAQ:PACB), and offshore driller Atwood Oceanics, Inc. (NYSE:ATW). Here's a quick roundup of today's brokerage notes on KSS, PACB, and ATW.

  • Analysts are trimming their expectations on KSS after the company lowered its full-year earnings guidance and reported underwhelming same-store sales for the fourth quarter. Specifically, Sterne Agee CRT cut its price target to $42, while Jefferies lowered its target to $52. All in all, shares of Kohl's Corporation are off 19.1% today at $41.36, after earlier touching a six-year low of $40.95, easily breaching the $44 level that had acted as support in recent months. Making matters worse, additional analyst downgrades could ensue, since half of those covering KSS say it's a "strong buy." 

  • PACB has been on all over the charts in recent sessions. The stock jumped over 24% on Tuesday, on reports Roche Holding AG was in talks to buy the drug producer. The shares have since given back all of these gains, though, down 20.7% at $9.83 -- and on pace for their steepest drop since 2011 -- following the firm's fourth-quarter results. Adding to the bearish overtone is a downgrade to "neutral" at Piper Jaffray, as the brokerage firm opined, "We believe a potential acquisition from Roche (or others) is already factored into the shares and see limited upside from current levels." J.P. Morgan Securities, on the other hand, raised its price target to $12 from $10. Regardless, short sellers are probably kicking themselves for hitting the exits too soon. That is, short interest on Pacific Biosciences of California dropped by close to 15% during the previous reporting period, though it still accounts for 22.4% of the stock's float. 

  • Despite price-target cuts from no fewer than nine brokerage firms, ATW has exploded 24% to $6.97, following an upgrade to "accumulate" at KLR Group, which raised its price target to $6.75. The brokerage firm said it sees "potential upside from the shares that may factor reduced financial risk." Still, Atwood Oceanics, Inc. has a lot of work to do, as it's lagged the S&P 500 Index (SPX) by over 64 percentage points during the past three months, hitting a 16-year low of $4.82 yesterday. This price action has led speculators to take a put-skewed approach. Specifically, ATW's Schaeffer's put/call open interest ratio (SOIR) comes in at 1.94, which is higher than 76% of similar readings from the past year. Put simply, short-term option traders have taken an unusual interest in puts over calls. 
For other stocks in analysts' crosshairs, read Analyst Upgrades: Yahoo! Inc., Solaredge Technologies Inc, and Take-Two Interactive Software, Inc. and Analyst Downgrades: GoPro Inc, Buffalo Wild Wings, and Shutterfly, Inc. 
 

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 C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI