APC, EXPR, FIVE Stocks Downgraded Today

Anadarko Petroleum looks vulnerable to additional bearish analyst attention

Jun 14, 2017 at 9:50 AM
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Analysts are weighing in on oil-and-gas stock Anadarko Petroleum Corporation (NYSE:APC), as well as retailers Express, Inc. (NYSE:EXPR) and Five Below Inc (NASDAQ:FIVE). Here's a quick roundup of today's bearish brokerage notes on shares of APC, EXPR, and FIVE.

Barclays Sees Lower Lows for APC Stock 

Barclays downgraded Anadarko Petroleum stock to "underweight" from "equal weight," and slashed its price target by $10 to $42 -- in annual-low territory. APC shares have struggled tremendously in 2017, giving up 31% year-to-date to touch a 12-month low of $46.54 just last week, and were last seen down 2% at $48.25. More losses certainly seem possible, too, since Anadarko has an average 12-month price target of $76.36. In other words, the underperforming stock looks vulnerable to more price-target cuts in the future. 

Struggles Continue for EXPR Stock

Express stock has been in a channel of lower highs and lows since early 2016, giving up more than half its value over the past year. EXPR shares touched a record low of $5.96 after an earnings bear gap on June 1, but found their way back to $6.83 by last night's close. However, Morgan Stanley this morning cut its price target on EXPR stock to $7.50 from $10.50 due to a "hugely disruptive" shift to online spending -- and retail sales slumped last month -- pressuring the shares down 0.6% to $6.79. Elsewhere, short interest has been rising on Express, including a nearly 22% jump in the last reporting period alone. 

KeyBanc Downgrades FIVE Stock on Fidget Spinner Sales

Five Below stock is down 5.4% at $48.27, after KeyBanc downgraded the shares to "sector weight" from "overweight," citing a faster-than-expected slowdown of fidget spinner sales. FIVE stock notched a four-year high of $54.13 in mid-May, but subsequently stagnated atop support in the $50-$51 area.

In the options pits, traders are displaying bullish tendencies. Data from the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) shows a 10-day call/put volume ratio of 1.72 for Five Below, which ranks in the 75th percentile of its annual range. Said differently, call buying has been more popular than normal, relative to put buying. 


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