Schaeffer's Top Stock Picks for '25

Analyst Downgrades: Bed Bath & Beyond Inc., Infinity Pharmaceuticals Inc., and GoPro Inc

Analysts downwardly revised their ratings and price targets on Bed Bath & Beyond Inc. (BBBY), Infinity Pharmaceuticals Inc. (INFI), and GoPro Inc (GPRO)

Jun 15, 2016 at 11:03 AM
facebook X logo linkedin


Analysts are weighing in on home goods retailer Bed Bath & Beyond Inc. (NASDAQ:BBBY), biotech Infinity Pharmaceuticals Inc. (NASDAQ:INFI), and tech stock GoPro Inc (NASDAQ:GPRO). Here's a quick roundup of today's bearish brokerage notes on BBBY, INFI, and GPRO.

  • BBBY is up 3.4% at $44.14, after announcing it has acquired One Kings Lane Inc., an online home furnishings retailer, for an undisclosed amount. The excitement over BBBY's newest purchase -- as well as a broader rally among retail stocks -- is overshadowing a price-target cut to $47 from $52 at UBS. Nevertheless, the stock is down nearly 37% year-over-year, and hit a five-year low of $41.26 in early February. Other analysts also seem pessimistic towards Bed Bath & Beyond Inc., with only one of 15 brokerages rating BBBY a "buy" or better. 
  • INFI is up 5.8% to $1.44, after yesterday's disastrous crash. Today's bounce comes despite a barrage of negative analyst attention, with Morgan Stanley, Jefferies, Wells Fargo, and William Blair all downgrading the stock to the equivalent of a "hold" rating. Additionally, the former two lowered their respective price targets to $1 and $1.25. However, considering Infinity Pharmaceuticals Inc. was down 81% year-to-date heading into today's session, the stock's 14-day Relative Strength Index (RSI) closed last night at 15 -- well into oversold territory. In other words, a short-term bounce may have been in the cards.
  • GPRO is trading up 4.2% at $10.124, after Longbow initiated coverage of the stock with a "neutral rating," saying the company is operating in a saturated market and that "GoPro will have a difficult time expanding to mainstream consumers that do not participate in action sports." Despite today's pop, GPRO stock remains a long-term laggard, down almost 83% year-over-year -- and fresh off a May 19 record low of $8.62. While call buying has been popular in the GPRO options pits of late, short interest on GoPro Inc shot 20% higher in the last two reporting periods. These bearish bets now account for 32% of GPRO's float. 
Sign up now for Schaeffer's Opening View newsletter to get a head start on all the major pre-market news!
 
 

You have the chance to join one of Bernie's most exclusive programs, complete access at HUGE savings!

As we prepare for a new administration to take the reins in Washington, the near-term market landscape is rife with uncertainty.

The Federal Reserve has already hinted at the turbulence ahead, lowering its interest rate outlook for 2025.

Meanwhile, breakthroughs in artificial intelligence (AI), quantum computing, and other transformative sectors have unlocked incredible profit potential.

But these opportunities are fleeting, and timing is everything. That's where Quick-Hit Trader comes in.

Quick-Hit Trader is designed for precision and speed, getting you in and out of the market in a flash. While other investors scramble to navigate volatile conditions, you'll have access to expertly curated trades that leverage these rapid shifts to deliver explosive profits in short order.

This is your chance to capitalize on the fast-moving market like never before. Are you ready to make your move?