Analyst Downgrades: Twitter Inc, Lloyds Banking Group PLC, and NetApp Inc.

Analysts downwardly revised their ratings and price targets on Twitter Inc (TWTR), Lloyds Banking Group PLC (ADR) (LYG), and NetApp Inc. (NTAP)

Sep 26, 2016 at 9:26 AM
facebook X logo linkedin


Analysts are weighing in on microblogging issue Twitter Inc (NYSE:TWTR), financial stock Lloyds Banking Group PLC (ADR) (NYSE:LYG), and tech concern NetApp Inc. (NASDAQ:NTAP). Here's a quick roundup of today's bearish brokerage notes on TWTR, LYG, and NTAP.

  • Just a day after jumping on buyout speculation, TWTR is pointed 3.3% lower pre-market, after Oppenheimer cut its rating to "underperform" from "perform." This is more of the same for a stock that's received 22 "hold" or worse recommendations, compared to only four "strong buy" opinions. As alluded to, Twitter Inc soared on Friday to $22.62 -- taking out recent resistance to notch its highest close of 2016 -- and is now just 2.2% lower on a year-to-date basis.
  • Goldman Sachs lowered its rating on London-based LYG to "sell" from "neutral," and slashed its price target to 50p, citing mounting competition from HSBC in the mortgage lending business. Adding to the concerns, U.K. mortgage approvals hit a 19-month low in August, and more generally, overseas bank stocks are sinking. As such, Lloyds Banking Group PLC is down 3.1% in electronic trading, after closing last week at $2.95 -- at a nearly 32% year-to-date deficit. Hopes of a rebound are high in the options pits, though. The stock's 50-day call/put volume ratio at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) is a top-heavy 19.09, in the 92nd percentile of its annual range.
  • NTAP was hit with a downgrade to "sell" from "hold" at Deutsche Bank, knocking the shares 2.2% lower ahead of the open. That said, the stock closed Friday at $35.66, on a more than 34% year-to-date lead, and hit a fresh annual high of $36.10 last week, as well. Surprisingly, short-term options traders have been very put-skewed toward NetApp Inc. The stock's Schaeffer's put/call open interest ratio (SOIR) checks in at 1.27, outstripping 92% of all other readings from the past year.
Find out where the Dow lands right after the closing bell. Sign up now for Schaeffer's Market Recap
 

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 C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI