Dick's Sporting Goods, Immune Design, Randgold Resources Downgraded

Dick's Sporting Goods, Immune Design, and Randgold Resources received bearish analyst attention ahead of today's open

Mar 8, 2017 at 10:17 AM
facebook twitter linkedin


Analysts are weighing in on retailer Dick's Sporting Goods Inc (NYSE:DKS), biotech Immune Design Corp (NASDAQ:IMDZ), and gold stock Randgold Resources Ltd. (ADR) (NASDAQ:GOLD). Here's a quick roundup of today's bearish brokerage notes on DKS, IMDZ, and GOLD shares.

Wall Street Punishes Dick's After Disappointing Forecast

Analysts are lowering their price targets on DKS today, after the company released a disappointing current-quarter earnings forecast yesterday morning. The deepest cut came from J.P. Morgan Securities, which slashed its target to $54 from $63. Still, this is above current levels, with Dick's Sporting Goods Inc last seen 3.2% higher at $49.46. The stock is finding familiar support in the $48 area, home to its early 2016 highs. If more losses occur, though, DKS could fall victim to additional bearish attention, since 17 of 23 brokerages recommend buying the shares, and none consider them a "sell." 

Leerink Halves Immune Design Price Target After Earnings

IMDZ is up 1% this morning at $5.15, after the company last night released its fourth-quarter earnings report. Leerink reacted by more than halving its price target to $19 from $40, which still represents territory not seen since January 2016. The shares have been trending lower for more than two years now, yet all four covering brokerage firms say Immune Design Corp is a "strong buy." Moreover, the shares' average 12-month price target stands at $27.33, so another round of downgrades and/or price-target cuts could be on the horizon. 

Randgold Stock Falls After RBC Downgrade

RBC downgraded GOLD to "underperform" from "sector perform," and so far the shares have fallen 2.2% to $85.35. Amid rising rate-hike expectations, the stock has struggled since hitting a near-term peak of $96.13 on Feb. 24, but call options remain extremely popular at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX). Randgold Resources Ltd.'s 10-day call/put volume ratio across these exchanges is 4.88, which is just 12 percentage points from an annual high. 

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

Stop leaving money on the table with the same old broken options trading approach...

There is no options strategy that more perfectly capitalizes during earnings season better than this simple call and put buying strategy. Perfect for aggressive traders looking to recover their suffering portfolios so far in 2022. With the simplest possible options strategy, Schaeffer's team with 100+ years of options trading excellence, target 200% gains on every single trade. So many trades are being beaten down by the market, but don't be one of them! Don't waste another second... join us right now before the next trade is released! 

 
Schaeffer's Daily Bulletin Offer
 


 


 
Special Offers from Schaeffer's Trading Partners