Alphabet, Intuit, Halliburton Downgraded

Alphabet, Intuit, and Halliburton received bearish analyst attention ahead of today's open

Mar 27, 2017 at 10:13 AM
facebook X logo linkedin


Analysts are weighing in on tech stock Alphabet Inc (NASDAQ:GOOGL), tax expert Intuit Inc. (NASDAQ:INTU), and oil services giant Halliburton Company (NYSE:HAL). Here's a quick roundup of today's bearish brokerage notes on shares of GOOGL, INTU, and HAL.

Alphabet Stock Hit with Price-Target Cut After Google Ads Mishaps

As Alphabet deals with the fallout from the Google ads debacle, Instinet cut its price target on GOOGL stock to $925 from $950. So far today, the shares have shed 0.3% to trade at $832.43, though they remain comfortably above their year-to-date breakeven level of $792.45. Still, put buying has hit an annual extreme relative to call buying. Specifically, Alphabet Inc has a 10-day put/call volume ratio of 1.11 at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which is a 52-week high. 

Intuit Stock Keeps Sliding After Analyst Notes

INTU is down 0.8% today to trade at $118.76, and has now lost 7.5% since its record high of $128.45 on Feb. 24. Although RBC upped its price target to $125 from $111, Goldman Sachs removed the stock from its "Americas Conviction Buy" list. Most analysts are already on the bearish side of the fence. By the numbers, nine brokerage firms rate Intuit Inc. shares a "hold" or worse, versus just four "strong buy" recommendations.

Halliburton Shares Breach 200-Day Moving Average

HAL is off 3% today at $47.90, putting the shares on pace for their first close below the 200-day moving average in almost a year. On top of the broad-market headwinds, Goldman Sachs weighed in with a price-target cut to $66 from $71. More negative analyst attention could be forthcoming, too, considering 20 of 23 brokerage firms have "strong buy" opinions on the stock. Interestingly, short interest on Halliburton Company has been falling fast. In the last two reporting periods, specifically, short interest is down 20%. Yet, the shares have failed to capitalize on the short-covering activity, hinting at underlying weakness in HAL stock.

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