Analyst Downgrades: Apple Inc., Berkshire Hathaway Inc., and Intel Corporation

Analysts downwardly revised their ratings and price targets on Apple Inc. (NASDAQ:AAPL), Berkshire Hathaway Inc. (NYSE:BRK.A), and Intel Corporation (NASDAQ:INTC)

May 9, 2016 at 9:16 AM
facebook X logo linkedin


Analysts are weighing in on tech stock Apple Inc. (NASDAQ:AAPL), Warren Buffett's Berkshire Hathaway Inc. (NYSE:BRK.A), and chipmaker Intel Corporation (NASDAQ:INTC). Here's a quick roundup of today's bearish brokerage notes on AAPL, BRK.A, and INTC.

  • AAPL hit a new annual low last week following its longest losing streak in decades. Things could get even worse today, after Baird cut its price target on the stock to $115 from $120 -- though the new outlook still represents a 24% premium to Friday's close at $92.72. Additional bearish brokerage notes could come down the pike, too, unless Apple Inc. can right its ship quickly. At present, 24 of 29 analysts rate the shares a "buy" or better. Elsewhere, short-term options traders are extremely call-focused toward AAPL. The tech stock's Schaeffer's put/call open interest ratio (SOIR) sits at an annual low of 0.62.
  • BRK.A has had a rock-solid 2016, advancing nearly 10% year-to-date at $216,999.99. Nonetheless, KBW lowered its price target on the stock to $229,765 from $229,950 -- still in all-time-high territory. More generally, analysts lean in a bullish direction when it comes to Berkshire Hathaway Inc, with two handing out "buy" ratings versus one "hold" and not a single "sell." Also, the stock's consensus 12-month price target of $241,088 is about 11% higher than current trading levels.
  • Exane BNP Paribas reduced its price target on INTC by $2 to $33. Based on the stock's 2016 trajectory, you can't really blame them. Year-to-date, Intel Corporation has lost almost 13% to perch at $30.04, and a recent rally attempt was turned back in the $32-$33 neighborhood amid a number of fundamental concerns. Traders at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) have been placing bearish bets over bullish at an accelerated clip in recent months. Specifically, INTC's 50-day put/call volume ratio across those exchanges is 2.01 -- just 14 percentage points from an annual peak.
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