Alaska Air, Corning, Science Applications International Downgraded

Alaska Air, Corning, and Science Applications International received bearish analyst attention

Mar 31, 2017 at 10:19 AM
facebook X logo linkedin


Analysts are weighing in on airline Alaska Air Group, Inc. (NYSE:ALK), glass stock Corning Incorporated (NYSE:GLW), and IT consultant Science Applications International Corp (NYSE:SAIC). Here's a quick roundup of today's bearish brokerage notes on shares of ALK, GLW, and SAIC.

Alaska Air Receives Rare Bearish Brokerage Note

Imperial Capital trimmed its price target on ALK to $98 from $101, but J.P. Morgan Securities raised its target price to $116 from $93.50 -- in uncharted territory. This morning, the stock is down 0.6% at $93.10, but remains up more than 13% year-over-year. Generally speaking, the brokerage bunch has been quite bullish toward Alaska Air Group, Inc. Eighty percent of analysts rate the stock a "buy" or better, without a single "sell" opinion to be found.

Red-Hot Corning Stock Slips on Downgrade

GLW is down 2.2% at $26.94, after a downgrade to "neutral" from "buy" at Citigroup -- though the brokerage firm also upped its target price to $29 from $28. Technically speaking, Corning Incorporated shares have had quite the run, adding more than 29% year-over-year. In fact, from a contrarian perspective, the stock seems due for some bullish analyst attention. Ten of 11 tracking brokerage firms have handed GLW a "hold" or "strong sell" assessment, suggesting ample opportunity for upgrades.

Science Applications International Hit with Price-Target Reductions

SAIC saw its price target cut at both Vertical Research and Cowen, to $81 and $82, respectively. Nonetheless, the stock is up 0.3% at $75.18, trying to fight back after Thursday's post-earnings bear gap. Specifically, Science Applications International Corp shares slid over 13% yesterday after disappointing quarterly revenue data, erasing their 2017 gains in the process. Short sellers have taken an active interest in the underperforming stock. Over 6% of SAIC's float is dedicated to short interest, which would take well over two weeks to cover, at its typical daily trading volume.

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