Analyst Update: Tyson Foods, Bristow, Valeant Pharmaceuticals

Analysts revised their ratings and price targets on Tyson Foods, Inc. (NYSE:TSN), Bristow Group Inc (NYSE:BRS), and Valeant Pharmaceuticals Intl Inc (NYSE:VRX)

Jun 6, 2016 at 2:38 PM
facebook X logo linkedin

Analysts are weighing in on chicken producer Tyson Foods, Inc. (NYSE:TSN), helicopter services provider Bristow Group Inc (NYSE:BRS), and biotech stock Valeant Pharmaceuticals Intl Inc (NYSE:VRX). Here's a quick roundup of today's brokerage notes on TSN, BRS, and VRX.

  • TSN is down 3.6% today at $60.95, on pace for its lowest close since Feb. 12, after BMO downgraded the stock to "market perform," and lowered its price target to $69 from $78. While the brokerage firm spoke glowingly about how the company is operated, it said the current valuation is too high. It looks like options traders are also betting heavily against Tyson Foods, Inc. Specifically, the stock's 10-day put/call volume ratio at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) stands at an annual high of 32.33. 
  • BRS is on the rise today, after Barclays raised its opinion to "overweight" from "equal weight," suggesting the company could overcome recent liquidity concerns. However, the brokerage firm lowered its price target to $20 from $22, keeping it in line with BRS' average 12-month target of $21. Bristow Group Inc remains almost 39% lower year-to-date at $15.80, even after adding 17% today. This underperformance may be one reason short interest accounts for over 13% of the stock's float. 
  • VRX has lost over 71% in 2016, and analysts at Canaccord Genuity don't see the pain ending any time soon. The brokerage firm said it sees "substantial risks for Valeant in 2016," and maintained its "hold" rating and $40 price target. On the other hand, Valeant Pharmaceuticals Intl Inc options traders have been betting bullishly ahead of tomorrow morning's earnings release. The stock's 10-day call/put volume ratio at the ISE, CBOE, and PHLX comes in at 3.03, which is higher than 89% of all annual readings. VRX was up 0.4% at $28.99 at last check. 

For other stocks in analysts' crosshairs, read Analyst Upgrades: Wal-Mart Stores, Inc., Micron Technology, Inc., and Visa Inc and Analyst Downgrades: AbbVie Inc, Mirati Therapeutics, Inc., and Barracuda Networks Inc


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 calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI