Analyst Downgrades: Honeywell International Inc., Myriad Genetics, Inc., and Netflix, Inc.

Analysts downwardly revised their ratings and price targets on Honeywell International Inc. (HON), Myriad Genetics, Inc. (MYGN), and Netflix, Inc. (NFLX)

Oct 10, 2016 at 10:07 AM
facebook X logo linkedin


Analysts are weighing in on tech congolmerate Honeywell International Inc. (NYSE:HON), molecular diagnostics stock Myriad Genetics, Inc. (NASDAQ:MYGN), and streaming specialist Netflix, Inc. (NASDAQ:NFLX). Here's a quick roundup of today's bearish brokerage notes on HON, MYGN, and NFLX.

  • After taking a guidance-induced hit on Friday, HON was roundly punished by the brokerage crowd. Goldman Sachs removed the stock from its "Americas Conviction Buy" list, and was one of at least six analysts to cut its price target. Nonetheless, Honeywell International Inc. shares are 0.1% higher at $107.08, and sitting on a 4% year-to-date lead. Despite recent developments, the brokerage community is still in the stock's bullish corner, generally speaking. By the numbers, 15 analysts have doled out a "buy" or better assessment, compared to two "holds" and not one "sell."
  • MYGN is down 5.8% at $20.10, pressured by a downgrade to "sell" from "neutral" at Ladenbrug Thalmann, as well as a price-target reduction to $22 from $24 at Barclays. Overall, the shares have had a horrible 2016, shedding more than half their value -- mostly due to an early August guidance-induced bear gap. Underderstandably, short sellers have been very busy betting against Myriad Genetics, Inc. Over one-quarter of the stock's float is sold short, which -- at MYGN's typical trading rate -- would take nearly nine sessions to cover.
  • NFLX has dropped 0.8% to trade at $104.01, pressured by a "sell" initiation at Deutsche Bank. What's more, the brokerage set a price target of $90 on the stock, a 13.5% discount to current trading levels. Recent options traders could find themselves frustrated by Netflix, Inc.'s inability to sustain a rally. After all, speculators have bought to open 1.48 calls for every put during the last 10 sessions at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) -- a ratio registering in the bullishly skewed 75th annual percentile. Then again, NFLX has been unimpressive all year, tumbling 9.1% in 2016. Looking ahead, the company will report earnings one week from tonight.
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