Groupon, Intuit, Schlumberger Downgraded

Groupon, Intuit, and Schlumberger stocks received bearish analyst attention

Apr 24, 2017 at 9:56 AM
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Analysts are weighing in on bargain baron Groupon Inc (NASDAQ:GRPN), tax specialist Intuit Inc. (NASDAQ:INTU), and energy stock Schlumberger Limited (NYSE:SLB). Here's a quick roundup of today's bearish brokerage notes on shares of GRPN, INTU, and SLB.

Groupon Stock Extends Slide

Morgan Stanley downgraded GRPN stock to "underweight" from "equal weight." As such, the shares are down 2.7% at $3.77. Technically speaking, Groupon Inc stock has struggled since its most recent high at $4.80, closing its mid-February post-earnings bull gap in the process. Short sellers would like to see even more downside, too. About 12% of GRPN's float is dedicated to these bearish bets, translating into more than a week's worth of trading activity, based on average daily volumes.  

Barclays Cools Off on Intuit Stock

Ahead of President Trump's tax reform plan scheduled for this week, INTU saw its price target trimmed to $124 from $129 at Barclays. The bearish note may have something to do with the fact that the shares have lost about 8% since topping out at $128.45 in late February, last seen just 0.1% higher at $118.45. Amid the sell-off, options traders have taken a glass-half-empty approach toward Intuit Inc. The stock's 10-day International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) put/call volume ratio of 1.15 ranks in the top one-third of all readings taken in the past year.

Analysts Slash Expectations on Schlumberger

SLB was hit with a raft of price-target cuts from no fewer than seven analysts, following Friday's downbeat earnings report and resultant bear gap. Setting the lowest mark was SunTrust Robinson, at $82, though this still represents a premium over the shares' current price -- last seen down 0.6% at $74.42. Speaking more broadly, Schlumberger Limited stock has gotten creamed in 2017, shedding more than 11% of its value. This leaves the shares vulnerable to even more bearish brokerage attention. After all, 19 of 23 analysts rate SLB stock a "buy" or better, without a single "sell" assessment to be found.


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