Analyst Update: Aptevo Therapeutics Inc, PBF Energy Inc, and Cyberark Software Ltd

Analysts are weighing in on Aptevo Therapeutics Inc (NASDAQ:APVO), PBF Energy Inc (NYSE:PBF), and Cyberark Software Ltd (NASDAQ:CYBR)

Sep 9, 2016 at 2:48 PM
facebook twitter linkedin


Analysts are weighing in on biotech Aptevo Therapeutics Inc (NASDAQ:APVO), petroleum refiner PBF Energy Inc (NYSE:PBF), and tech stock Cyberark Software Ltd (NASDAQ:CYBR). Here's a quick roundup of today's brokerage notes on APVO, PBF, and CYBR.

  • APVO is up 12.5% at $2.48, after Piper Jaffray initiated coverage with an "overweight" opinion and a $7 price target, calling the biotech stock a "value-play." Aptevo Therapeutics Inc is new to Wall Street, opening for public trade less than two months ago and hitting a record high of $8.29 in late July. Obviously, it's had a rough time on the charts since then -- today notwithstanding -- attracting bearish traders all the while. For instance, over 9% of APVO's float is currently sold short

  • PBF has dropped 7% to trade at $21.35, after Goldman Sachs downgraded the stock to "sell" from "neutral," and cut its price target to $10 from $23 -- citing several factors, including a poor outlook for East Coast refining. Most analysts are already bearish on PBF Energy Inc, with 60% giving it a "hold" or a "sell" rating. At the same time, more price-target cuts could come the stock's way if it adds to its 42% year-to-date loss. Specifically, PBF's average 12-month price target stands at $28.83, well above current levels.

  • UBS initiated coverage on CYBR with a "neutral" rating and a $56 price target, yet the stock is 5.3% lower at $51.98 amid broad-market headwinds. Still, the shares appear to be finding support near the $51 level, an area that's contained their pullbacks since early July. Cyberark Software Ltd remains 15.1% higher in 2016, and most analysts seem very optimistic. For instance, 11 of 13 brokerage firms recommend buying the stock, and none consider it a "sell." 
Don't miss the market's next move! Sign up now for Schaeffer's Midday Market Check
 

Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 

 


 


 
Special Offers from Schaeffer's Trading Partners