Analyst Downgrades: Deere & Company, Tableau Software Inc, and Outerwall Inc

Analysts downwardly revised their ratings and price targets on Deere & Company (NYSE:DE), Tableau Software Inc (NYSE:DATA), and Outerwall Inc (NASDAQ:OUTR)

Jul 25, 2016 at 9:56 AM
facebook X logo linkedin

Analysts are weighing in on heavy machinery maker Deere & Company (NYSE:DE), tech stock Tableau Software Inc (NYSE:DATA), and Redbox parent Outerwall Inc (NASDAQ:OUTR). Here's a quick roundup of today's bearish brokerage notes on DE, DATA, and OUTR.

  • Piper Jaffray downgraded DE to "underweight" from "neutral" and lowered its price target to $67 from $76, sending the stock down 3.2% to $77.56 -- and south of a trendline connecting a series of higher lows. Longer term, the shares of Deere & Company have been chopping higher since hitting a three-year low of $70.16 in late January, up 10.5%. Options traders, meanwhile, have been initiating long calls over puts at a faster-than-usual clip in recent weeks. At the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), DE's 10-day call/put volume ratio of 0.99 ranks in the 78th annual percentile.

  • DATA was hit with a downgrade to "hold" from "buy" at Deutsche Bank. As such, the shares are 3% lower at $55.31. This comes as a stark contrast to last week's action, when DATA rallied in the wake of some upbeat analyst attention. However, this rally was quickly halted in the $55-$57 region, and Tableau Software Inc remains nearly 56% lower year-over-year. Short sellers have been eyeing more downside, too. Short interest jumped 17.3% in the most recent reporting period, and now accounts for a healthy 12.5% of DATA's available float.

  • OUTR -- which was halted earlier -- has jumped 11.6% to trade at $52.35, after the company agreed to be purchased by Apollo Global Management LLC (NYSE:APO) in an all-cash deal valued at $1.6 billion, or $52 per OUTR share. While this is just the latest acquisition for APO, the news has quickly put OUTR's downgrade to "sell" at Roth in the rearview mirror. In the options pits, puts had the clear edge over calls on Outerwall Inc in recent weeks, per the stock's 10-day put/call volume ratio of 29.21 at the ISE, CBOE, and PHLX -- in the top percentile of its annual range. Separately, the firm is scheduled to report earnings after the close this Thursday.
Don't miss the market's next move! Sign up now for Schaeffer's Midday Market Check

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