Sunday, May 4, 2014

Analyzer Downgrades: Michael Kors Holdings Limited, Cisco Systems, Inc., and Citibank Inc

Analysts are weighing in the today on upscale apparel the maker Michael Kors berkley clutch Holdings Ltd (NYSE: KORS), blue-chip tech concern Derrotar Systems, Inc. (NASDAQ: CSCO), and additionally financial firm Citigroup Inc (NYSE: C). Here's a quick roundup behind today's bearish brokerage notes.

Michael Kors Small Selma Studded Saffiano Clutch Black

KORS was indicated lower ahead of the bells, after Barclays initiated coverage that has an "underweight" rating and an $85 price target -- which results from a discount to the stock's closing associated with $98. 56 yesterday. Despite out performing the S&P 500 Index (SPX) of nearly 30 percentage points in the past two months, iPhone wallet clutch Holdings Limited is no stranger to skepticism. Producing International Securities Exchange (ISE), Chicago , il Board Options Exchange (CBOE), and additionally NASDAQ OMX PHLX (PHLX), ones equity's 10-day put/call volume ring and pinion ratio of 1. 39 stands just fifteen percentage points from an annual high, pointing to a healthier-than-usual appetite available for bearish bets over bullish recently. What's more, short-term speculators are vacuuming KORS options at a relative price tag, as the stock's Schaeffer's Volatility Recueil (SVI) of 27% is just to enjoy percentage points from a 52-week inexpensive.

Barclays downgraded CSCO to "equal weight" from "overweight, " and additionally trimmed its price target of $2 to $23. While most industry analysts are optimistic toward Cisco Components, Inc. -- 18 out of twenty-five brokerage firms maintain "buy" in addition to better opinions -- the options rest has been picking up puts over claimed at an accelerated clip. The equity's 10-day ISE/CBOE/PHLX put/call volume ring and pinion ratio of 0. 78 stands greater than 84% of all other readings while using past year. As such, the stock's Schaeffer's put/call open interest ring and pinion ratio (SOIR) of 0. 69 rates in the 72nd percentile of its twelve monthly range, suggesting short-term options investors are more put-biased than usual right now. When it comes to pre-market action, CSCO is directed 0. 9% lower, after negotiating Monday at $21. 51.

To conclude, C is poised to start ones session 0. 5% higher, while Jefferies cutting its price direct to $56 and reiterating the tonneau's "hold" recommendation. Most of Wall Street is normally bullish when it comes to Citigroup Inc, generally boasts 15 "buy" or might ratings, compared to four lukewarm "holds" and just one "sell" or much worse suggestion. Plus, the average 12-month the price target of $60. 17 results from expected upside of 26% starting from C's closing price of $47. 73 on Monday, and stands in the territory not charted since promptly 2009. On the charts, C can be described as laggard underperforming the SPX of 11 percentage points during the past eight weeks. Should the shares steepen their year-to-date deficit of 8. 4%, just one wave of bearish brokerage notice could exacerbate selling pressure in the stock.