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)

Feb 8, 2016 at 3:00 PM
facebook twitter linkedin

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:
    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.

Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 



Special Offers from Schaeffer's Trading Partners