Analyst Update: Wayfair, Brixmor, Newmont Mining

Analysts revised their ratings and price targets on (W), Brixmor Property Group Inc (BRX), and Newmont Mining Corp (NEM)

Karee Venema

Feb 8, 2016 at 3:00 PM

Analysts are weighing in on e-commerce concern Wayfair Inc (NYSE:W), real estate investment trust Brixmor Property Group Inc (NYSE:BRX), and gold mining guru Newmont Mining Corp (NYSE:NEM). Here's a quick roundup of today's brokerage notes on W, BRX, and NEM.

W is off 13.8% at $34.75 -- widening its year-to-date deficit to 27% -- after noted short seller Citron Research tweeted:

new day...what to sell now? $W Wayfair still the worst biz model on the internet. It could go away and no one would care. Tgt price $5
— Citron Research (@CitronResearch) February 5, 2016
What's more, Citron's owner and founder Andrew Left told Bloomberg that if Wayfair Inc "went away tomorrow, you could buy your nightstand elsewhere." While most analysts maintain a more upbeat outlook toward W, sentiment among the options crowd is skeptical. At the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the stock's 10-day put/call volume ratio of 18.92 sits just 3 percentage points from a 52-week peak.

RBC Capital lowered its rating on BRX to "underperform" from "outperform" and its price target to $25 from $30, after the company said its CEO and two other executives resigned amid an accounting scandal. The stock received similar bearish brokerage notes from J.P. Morgan Securities, SunTrust Robinson, and KeyBanc, and, at last check, the shares were down 21.2% at $20.83 -- and earlier tagged a two-year low of $19.91. Should the shares continue to slide, there's plenty of room for more analysts to readjust their ratings. Heading into today, all 10 analysts covering Brixmor Property Group Inc maintained a "buy" or better rating, while the average 12-month price target of $27.22 sits in uncharted territory.

NEM is bucking the day's bearish bias -- up 4% at $25.38 -- amid a broader rally in gold and a price-target hike to $27.50 from $23.50 at BMO. Longer term, the shares have bounced 58% from their Jan. 21 year-to-date low of $16.05. In the options pits, short-term speculators are more call-skewed than usual toward Newmont Mining Corp. Specifically, the stock's Schaeffer's put/call open interest ratio (SOIR) of 0.61 sits below 81% of all comparable readings taken in the past year.

For other stocks in analysts' crosshairs, read Analyst Upgrades: Kinross Gold Corporation, Barrick Gold Corporation, and Yamana Gold Inc. and Analyst Downgrades: Yelp Inc, Workday Inc, and Cisco Systems, Inc.

Follow @Schaeffers

You Don’t Need 25 Alerts -- You Need ONE You Can Trust!

That’s the idea behind Trade of the Week, Schaeffer’s newest trade alert.

Every Monday morning before the opening bell, you’ll receive a single, expertly researched trade recommendation -- built from the same proprietary research we’ve been using for over four decades.

It’s not just a signal.

It’s a plan designed for traders who are tired of jumping from alert to alert without ever finding their edge.

No juggling alerts. No switching directions mid-week. Just one clear, expertly researched trade idea -- delivered before the market even opens.

👉 JOIN RIGHT NOW FOR JUST $1 TO GET THE NEXT TRADE!