Campbell Soup, Dick's Sporting Goods, Freeport-McMoRan Downgraded

Campbell Soup Company (CPB), Dick's Sporting Goods Inc (DKS), and Freeport-McMoRan Inc (NYSE:FCX) have received bearish analyst attention on Wall Street

Feb 21, 2017 at 10:04 AM
facebook X logo linkedin


Analysts are weighing in on food firm Campbell Soup Company (NYSE:CPB), athletics retailer Dick's Sporting Goods Inc (NYSE:DKS), and mining stock Freeport-McMoRan Inc (NYSE:FCX). Here's a quick roundup of today's bearish brokerage notes on CPB, DKS, and FCX shares.

Bearish Analysts Bombard Campbell Soup

CPB is up 0.3% at $58.64, trying to recover from last week's post-earnings slide. The stock is also shaking off a trio of price-target cuts at RBC, Barclays, and Stifel. On a year-over-year basis, shares of Campbell Soup Company are currently down about 3%, and they could struggle to break higher with the 320-day moving average looming just overhead. For one reason or another, options traders have been extremely tilted toward calls over puts. CPB's Schaeffer's put/call open interest ratio (SOIR) sits at an annual low of 0.34.

Dick's Sporting Goods Gets Well-Deserved Downgrade

Oppenheimer reduced its rating on DKS to "perform" from "outperform," but the stock is up 0.7% at $50.13. It's been tough sledding the past few months, since the shares notched an early December high near $63. In fact, Dick's Sporting Goods Inc could be vulnerable to additional downgrades, based on its technical struggles. Specifically, three-quarters of the analysts tracking the stock rate it a "buy" or better, with not a single "sell" suggestion to be found.

Grasberg Drama, Downgrade Drop Freeport-McMoRan

FCX has sunk 5.9% to trade at $14.04, amid an intense labor disruption at the company's Indonesian Grasberg mine. Deutsche Bank responded by cutting its rating to "sell" from "hold," and slashing its price target to $12.50 from $14. This is more of the same from the brokerage community, where 75% of analysts maintain "hold" or worse opinions toward Freeport-McMoRan Inc. This is somewhat mystifying, as FCX stock has outperformed over the long haul, adding 77% on a year-over-year basis.

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 C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI