Ambarella, bluebird bio, Tiffany Downgraded

Ambarella Inc (AMBA), bluebird bio Inc (BLUE), and Tiffany & Co. (TIF) were hit with bearish brokerage notes

Feb 6, 2017 at 9:47 AM
facebook X logo linkedin

Analysts are weighing in on chipmaker Ambarella Inc (NASDAQ:AMBA), biotech bluebird bio Inc (NASDAQ:BLUE), and retail stock Tiffany & Co. (NYSE:TIF). Here's a quick roundup of today's bearish brokerage notes on AMBA, BLUE, and TIF.

Ambarella Trades Lower After Negative Analyst Note

AMBA is down 1.3% at $50.89, after a Craig-Hallum price-target cut to $70 from $85. This is just more of the same, considering the stock has sunk 32% since topping out near $75 in early October. The shares could be vulnerable to additional negative notes, if they don't reverse course quickly. Seventy percent of analysts rate underperforming Ambarella Inc a "buy" or better, while not a single one has handed out a "sell" opinion.

Roth Capital Downgrades bluebird bio

Roth Capital downgraded BLUE to "neutral" from "buy" and lowered its price target to $71 from $87, despite the stock's recent gains. While the shares are down 1.8% today to trade at $77.25, they aren't far from their annual high of $79.70, notched in early December. On the sentiment front, short sellers have piled on bluebird bio Inc. One-fifth of the stock's float is sold short, and at its average daily trading level, it would take two weeks for those bears to cover.

CEO Exit Trounces Tiffany Shares

TIF has tanked 2.7% at $78.33, after CEO Frederic Cumenal announced his resignation, due in part to poor holiday sales. Citing concerns about executive turnover, Mizuho dropped its opinion to "neutral" from "buy," and slashed its price target to $74 from $90. That said, Tiffany & Co. remains 22% higher on a year-over-year basis, and could find a foothold at its ascending 80-day moving average. Meanwhile, options traders have been rolling the dice on a steeper slide. At the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), TIF has racked up a 20-day put/call volume ratio of 3.61 -- with nearly four puts bought to open for every call in the last month.

Get a jump-start on the day's stock market news with Schaeffer's free Opening View newsletter.

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