Analyst Downgrades: 3D Systems Corporation, Sanderson Farms, Inc., and Gilead Sciences, Inc.

Analysts downwardly revised their ratings and price targets on 3D Systems Corporation (NYSE:DDD), Sanderson Farms, Inc. (NASDAQ:SAFM), and Gilead Sciences, Inc. (NASDAQ:GILD)

Mar 15, 2016 at 9:30 AM
facebook X logo linkedin


Analysts are weighing in on 3-D printing concern 3D Systems Corporation (NYSE:DDD), poultry processing company Sanderson Farms, Inc. (NASDAQ:SAFM), and biotech stock Gilead Sciences, Inc. (NASDAQ:GILD). Here's a quick roundup of today's bearish brokerage notes on DDD, SAFM, and GILD.

  • DDD is set to give back some of its post-earnings gains from yesterday, with the shares off 5% in pre-market action. This potential drop comes after a downgrade to "underweight" from "neutral" at J.P. Morgan Securities -- though Jefferies and Deutsche Bank both bumped their price targets up to $13. The shares closed Monday at $14.45, which brought their 2016 lead to 66.3%. Option traders are apparently unimpressed, though. 3D Systems Corporation's 10-day put/call volume ratio at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) of 1.80 is just 3 percentage points from an annual high
  • SAFM has outpaced the S&P 500 Index (SPX) by 28 percentage points during the past three months to trade at $90.84, touching an annual high of $93.98 earlier this month. But none of that stopped Goldman Sachs from downgrading the stock's rating to "sell" this morning, sending the shares nearly 3% lower ahead of the open. Short sellers share this skepticism, as over 28% of Sanderson Farms, Inc.'s float is sold short. It would take these bears almost nine sessions to buy back their bets, at SAFM's average daily volumes. 
  • GILD is down 0.6% ahead of the open, after Jefferies lowered its price target by $3 to $97. The shares settled at $90.46 on Monday, bringing their year-to-date deficit to 10.6%. More losses could be in store for Gilead Sciences, Inc., too, if bullish speculators throw in the towel. Specifically, 2.58 calls have been bought to open for every put during the past 10 weeks at the ISE, CBOE, and PHLX -- a ratio that outstrips four-fifths of all others from the last year. Elsewhere, the brokerage crowd remains upbeat toward GILD.
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 C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI