Amazon, SeaWorld, American Airlines Downgraded

Amazon, SeaWorld, American Airlines received bearish analyst attention ahead of today's open

Mar 17, 2017 at 10:29 AM
facebook twitter linkedin

Analysts are weighing in on e-commerce stock, Inc. (NASDAQ:AMZN), theme park operator SeaWorld Entertainment Inc (NYSE:SEAS), and travel issue American Airlines Group Inc (NASDAQ:AAL). Here's a quick roundup of today's bearish brokerage notes on AMZN, SEAS, and AAL shares.

Amazon Stock Could Benefit From Put-Heavy Options Traders

AMZN is down 0.2% this morning at $851.67, after Pacific Crest lowered its price target to $895 from $905. This still represents record levels for Amazon stock, which is up 52% year-over-year, and has held above former highs in the $850 region for more than a week. An unwinding of near-term put positions could serve as an upside catalyst. Specifically,, Inc. has a Schaeffer's put/call open interest ratio (SOIR) of 1.28, which is just 8 percentage points from an annual high. In other words, short-term traders have rarely been as put-heavy toward Amazon stock as they are now.

SeaWorld Stock Sinks After Downgrade

SEAS is also in analysts' crosshairs this morning, with Citigroup downgrading the stock to "sell" from "neutral," and lowering its price target to $15 from $19. On the other hand, Barclays raised its price target to $16 from $14. While SEAS shares remain below breakeven on a 12-month basis, and are off 3.3% today at $18.26, they've rebounded strongly since September's all-time low of $11.77. Most analysts remain hopeful, too, with SeaWorld Entertainment Inc sporting five "strong buy" ratings, versus four "hold" or worse recommendations. 

American Airlines Stock Continues its Descent

Imperial Capital this morning cut its price target on AAL to $46 from $51, and the stock is trading fractionally lower at $42.11. This is nothing new for American Airlines Group Inc, which has been trending lower since its December high above $50, with President Donald Trump's revised travel ban sparking heavy losses earlier this month. AAL stock could fall victim to additional bearish notes. At the moment, half of the analysts covering the shares rate them a "strong buy."

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