Analysts revised their ratings and price targets on GoPro Inc (GPRO), Netflix, Inc. (NFLX), and Community Health Systems (CYH)
Analysts are weighing in on camera stock
GoPro Inc (NASDAQ:GPRO), streaming video giant
Netflix, Inc. (NASDAQ:NFLX), and hospital operator
Community Health Systems (NYSE:CYH). Here's a quick roundup of today's brokerage notes on GPRO, NFLX, and CYH.
- NFLX is down 2.2% at $93.77, pressured by a $6 price-target cut to $141 at UBS. It's been tough sledding for the stock since an earnings-induced bear gap early last week, with Netflix, Inc. tumbling into double-digit territory and now testing its 320-day moving average. However, options traders have kept the faith. NFLX's 50-day call/put volume ratio of 1.28 across the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) outstrips more than three-quarters of all other readings taken in the last year.
- CYH was hit with a downgrade to "underperform" from "market perform" at Raymond James, which cited the negative implications of the company's Quorum spin-off. Community Health Systems was last seen 8.3% lower at $19.10, bringing its year-to-date deficit to 28%. Another big move could be ahead, too, as the healthcare firm will report earnings one week from tonight. Options traders have high hopes for CYH, seemingly undaunted by its long-term struggles. The stock's 50-day ISE/CBOE/PHLX call/put volume ratio of 9.38 sits in the 92nd percentile of its annual range, indicating traders have been buying to open calls over puts at a near-extreme rate.
For other stocks in analysts' crosshairs, read
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