Analyst Update: Amazon.com, Inc., Devon Energy Corp, and Relypsa Inc

Analysts revised their ratings and price targets on Amazon.com, Inc. (NASDAQ:AMZN), Devon Energy Corp (NYSE:DVN), and Relypsa Inc (NASDAQ:RLYP)

by Josh Selway

Published on Jun 7, 2016 at 2:17 PM

Analysts are weighing in on e-tail stock Amazon.com, Inc. (NASDAQ:AMZN), oil-and-gas stock Devon Energy Corp (NYSE:DVN), and drugmaker Relypsa Inc (NASDAQ:RLYP). Here's a quick roundup of today's brokerage notes on AMZN, DVN, and RLYP.

  • Ahead of the company's shareholders meeting tomorrow, DVN this morning received a price-target increase to $40 from $37 at Raymond James -- right in line with the stock's average 12-month price target of $38.66. Moreover, 82% of covering analysts recommend buying Devon Energy Corp. While the stock is still far removed from its year-over-year breakeven mark of $62.50, the shares have been strong recently, outperforming the S&P 500 Index (SPX) by 45 percentage points during the past three months. Today, DVN is up 3.4% at $38.84 on pace for its best close since Dec. 4. 
  • A downgrade to "underweight" from "equal weight" at Morgan Stanley has RLYP down 3.6% at $19.53 -- though the stock's 200-day moving average is holding up as support. It's been an up-and-down year for the stock, which currently sits 31% below breakeven in 2016. As such, short interest on Relypsa Inc still sits at all-time highs, with close to 15 million shares sold short. 

For other stocks in analysts' crosshairs, read Analyst Upgrades: Sodastream International Ltd, Sarepta Therapeutics Inc, and United Natural Foods, Inc. and Analyst Downgrades: Alexion Pharmaceuticals, Inc., WPX Energy Inc, and Godaddy Inc. 


A Schaeffer's exclusive!

The Expert's Guide

Access your FREE trading earning announcements before it's too late!


  
 

Partnercenter


NEW! Explore Schaeffer’s Partners' deals and get connected to top online brokerages with deals tailored exclusively for our readers.  Get answers to your questions regarding transfer fees, commission rates, programs and available discounts related to online trading services.

MORE | MARKETstories


Research Exposes Shortcut to Stock Market Wins
A simple way to stop picking losers, and start cashing in like Wall Street's elite.
Cannabis Stock Rally Cut Short after Downgrade
Aurora Cannabis did receive a price-target hike from Jefferies, though
Vaccines, China Trigger Roller Coaster Week for Stocks
Moderna's vaccine captured the attention of Wall Street
Research Exposes Shortcut to Stock Market Wins
A simple way to stop picking losers, and start cashing in like Wall Street's elite.