Amazon, Gigamon, Greenhill Downgraded

Amazon, Gigamon, and Greenhill stocks received bearish analyst attention

Alex Eppstein
Apr 28, 2017 at 10:06 AM
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Analysts are weighing in on online retail stock Amazon, software issue Gigamon Inc (NYSE:GIMO), and investment bank Greenhill & Co., Inc. (NYSE:GHL). Here's a quick roundup of today's bearish brokerage notes on AMZN stock, as well as shares of GIMO and GHL.

"As Good As It Gets" for AMZN Stock?

AMZN stock is fresh off an all-time high of $949.59, and was last seen 2.9% higher at $945.07, after an upbeat earnings report. While plenty of analysts issued positive notes in response, Pacific Crest broke from the pack, downgrading its rating to "sector weight," saying this may be "as good as it gets (for now)." In general, though, most analysts recommend buying Amazon shares. By the numbers, 26 brokerage firms sport "buy" or better assessments, compared to four "holds" and just one "strong sell."

Gigamon Crashes on Post-Earnings Negativity

Analysts are panning GIMO's latest turn in the earnings confessional, with Credit Suisse, William Blair, and Dougherty each reducing their opinions to the equivalent of a"hold." Plus, Stifel cut its price target to $39 from $42. Out of the gate, Gigamon Inc shares have plunged over 14% to trade at $30.80, and found a place on the short-sale restricted (SSR) list. The stock's also on track for its lowest finish since early February. Short sellers should be pleased, though. After jumping 73.2% in the two most recent reporting periods, short interest now accounts for a lofty 9.3% of GIMO stock's float.

Earnings Miss Grills Greenhill Stock

GHL stock has shed 8.1% to trade at $25.93 -- and is SSR -- as a flop on the earnings stage prompted Credit Suisse and UBS to slash their respective price targets to $27 and $19. Now, the shares are back in negative year-to-date territory, after bouncing out of it last month on support from their 200-day moving average. While shareholders are wringing their hands, short sellers are in a solid position. In fact, 18% of Greenhill & Co., Inc.'s float is sold short, or 8.3 times the stock's average daily trading volume.


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