Analyst Downgrades:, Inc., Yahoo! Inc., and Chevron Corporation

Analysts downwardly revised their ratings and price targets on, Inc. (NASDAQ:AMZN), Yahoo! Inc. (NASDAQ:YHOO), and Chevron Corporation (NYSE:CVX)

Mar 22, 2016 at 9:44 AM
facebook X logo linkedin

Analysts are weighing in on e-commerce concern, Inc. (NASDAQ:AMZN), Internet stock Yahoo! Inc. (NASDAQ:YHOO), and oil-and-gas issue Chevron Corporation (NYSE:CVX). Here's a quick roundup of today's bearish brokerage notes on AMZN, YHOO, and CVX.

  • AMZN is down 0.2% at $552.81, after Raymond James lowered its outlook to "outperform" from "strong buy" and slashed its price target to $655 from $760. On the charts, the shares have been trending lower since topping out at an all-time peak of $696.44 in late December. These technical troubles were highlighted last week, when the stock was quickly rejected by its 60-day moving average, a trendline that helped support the shares throughout 2015. Should, Inc. continue to struggle, the door is wide open for another round of downgrades -- which could pressure the shares even lower. Currently, 84% of covering analysts maintain a "buy" or better rating, with not a single "sell" to be found.

  • Citigroup cut its rating on YHOO to "neutral" from "buy," while boosting its price target to $37 from $32. Out of the gate, the stock is off 1.2% at $35.06. Longer term, though, YHOO has been making a comeback since bottoming at a two-year low of $26.15 on Feb. 11, up 35% -- amid reports Yahoo! Inc. is considering strategic alternatives. Speculative players, meanwhile, have shown a distinct preference for calls over puts among options slated to expire in three months or less. In fact, YHOO's Schaeffer's put/call open interest ratio (SOIR) of 0.31 rests at an annual low.

  • CVX was the biggest loser on the Dow yesterday, and the stock is lower once again today. Specifically, the shares are off 0.7% at $95.77, after Raymond James dropped its rating to "market perform" from "outperform." Falling crude futures are also weighing on the stock. However, today's price move runs counter to the equity's recent trajectory, with the shares of CVX up 27% from their Jan. 20 year-to-date low of $75.33. In the options pits, meanwhile, long puts have been popular in recent months. Today's downgrade notwithstanding, analysts have remained upbeat toward Chevron Corporation. In fact, 11 maintain a "buy" or better rating, versus four "holds."
Sign up now for Schaeffer's Opening View newsletter to get a head start on all the major pre-market news!


How to collect 1 dividend check every day for LIFE

Did you know you could collect 1 dividend check every day the market is open? You could also do it starting with just $605! For me, I'm collecting 70 dividend checks every quarter…which averages around 1.1 dividend checks every business day. There's no trading behind this... no penny stocks or high-risk investments. All you do is buy and hold and you're set. There's no set up required either. If you start buying the dividend stocks I show you today... you could collect 1 dividend per day starting as early as this week. Click here for all the details.