JUNO, TLRD, LEA Stocks Downgraded Today

JUNO stock remains in its channel of higher lows since the start of the year

Jun 8, 2017 at 9:59 AM
facebook X logo linkedin

Analysts are weighing in on biotech stock Juno Therapeutics (NASDAQ:JUNO), apparel retailer Tailored Brands Inc (NYSE:TLRD), and automotive supplier Lear Corporation (NYSE:LEA). Here's a quick roundup of today's bearish brokerage notes on shares of JUNO, TLRD, and LEA.

JUNO Stock Cut to "Sell"

BTIG downgraded Juno Therapeutics stock to "sell" from "neutral," sending JUNO shares down 4.8% to trade at $22.58. Still, the shares remain in their channel of higher lows from late 2016, boasting a year-to-date lead of 19%. At the same time, JUNO stock may need to pick up the pace to avoid additional price-target cuts, since its average 12-month price target stands up at $29.50. On the fundamental front, Juno Therapeutics will present at Goldman Sachs' healthcare conference on Tuesday, June 13.

TLRD Stock Dips After Earnings

Tailored Brands reported weaker-than-expected first-quarter earnings, prompting analysts at Deutsche Bank to cut their price target by 33% to $14. In addition, Jefferies trimmed its price target by $2 to $12. The shares have dropped 2.9% to trade at $10.89, as they continue to underperform, though the move pales in comparison to what TLRD options traders were expecting. Tailored Brands stock was trading near $29 back in December; interestingly, it appears a number of short sellers cashed out too soon. During the last reporting period, short interest on TLRD stock declined by 12.2%.

LEA Stock Sinks After Downgrade

Lear Corporation stock is down 2.3% at $149.41, after Morgan Stanley downgraded the shares to "underweight" from "equal weight," and slashed its price target to $134 from $149. LEA stock's uptrend is still in place, however, as it's added almost 27% in the past 12 months, hitting a record high of $153.28 on June 2. Short-term options traders are seemingly well positioned for today's pullback. This is according to Lear's Schaeffer's put/call open interest ratio (SOIR) of 1.14, which ranks in the 83rd annual percentile. This means short-term options traders are more put-skewed than normal. 


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