Analyst Downgrades: Chipotle Mexican Grill, Inc., Emerge Energy Services LP, and Baidu Inc (ADR)

Analysts downwardly revised their ratings and price targets on Chipotle Mexican Grill, Inc. (CMG), Emerge Energy Services LP (EMES), and Baidu Inc (ADR) (BIDU)

by Celeste Taylor

Published on Jun 13, 2016 at 11:10 AM
Updated on Jun 13, 2016 at 11:11 AM

Analysts are weighing in on Mexican restaurant chain Chipotle Mexican Grill, Inc. (NYSE:CMG), energy service stock Emerge Energy Services LP (NYSE:EMES), and Chinese internet stock Baidu Inc (ADR) (NASDAQ:BIDU). Here's a quick roundup of today's bearish brokerage notes on CMG, EMES, and BIDU.

  • EMES is down 10.9% at $9.27, following a downgrade to "underperform" from "buy" by D.A. Davidson. Emerge Energy Services LP has nearly quintupled since hitting a record low of $1.97 in January, and on Friday hit its highest point since its late-September bear gap. Prior to today, EMES had outperformed the greater S&P 500 Index (SPX) by 156.4 percentage points over the previous 20 sessions. This short-term breather may have been in the cards, however, with EMES' 14-day Relative Strength Index (RSI) of 88 sitting well into "overbought" territory.
  • BIDU is down 0.5% at $163.42, after Citigroup downgraded the stock to "neutral" from "buy," and slashed BIDU's price target to $180 from $238. BIDU has lost 18% since bumping up against the $200 level in late April, and is now testing support in the $160-$165 area, which contained a mid-May pullback. Currently, the stock sits 20.7% lower year-over-year, although options bulls seem to think a rally is in the cards, with BIDU's 10-day ISE/CBOE/PHLX call/put volume ratio of 1.93 sitting in the 83rd percentile of its annual range.
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