Stocks Losing Favor with Analysts: WFC, ARMH, AXP, IBM, KBR

PUBLISHED: Jan 16 2013 @ 11:52 | Comments (0) | More info about Ed Liston

Wells Fargo & Co. (NYSE:WFC): The banking stock has been downgraded from Overweight to Neutral by Atlantic Securities. Its price target has been lowered down to $38. Its previous target was at $40.

Wells Fargo stock is trading at $35.14, 0.09 percent higher than its previous close. It has traded in the range of $34.91 and $35.16 in the current trading session. Wells Fargo commands market capitalization of $184.79 billion. It has traded 3.691 million shares so far, in comparison to its daily average trading volume of 24.102 million shares. Wells Fargo offers banking services to individuals and corporate clients. The company is based out of California and it was formed in 1852. Wells Fargo stock trades at Price Earnings ratio of 10.45 and its beta is at 1.17. The stock has traded in the range of $28.77 and $36.60 in the past 52 weeks.

ARM Holdings (NASDAQ:ARMH): ARM Holdings is currently trading at $40.46, down 0.17 percent from its previous close. ARM Holdings has received multiple downgrades recently. UBS AG has lowered its rating for the stock to Neutral. Its earlier rating for ARM Holdings stood at Buy. Similarly, Sanford C. Bernstein has rated stock at underperform. It has set its new price target at $8.84. It has traded in the range of $21.64 and $42.55 in the past 52 weeks. However, the stock is trading above its 20 days moving average price of $40.44 and 50 days moving average price of $40.41. The stock is trading at the Price Earnings ratio of 77.16. ARM Holdings has also been downgraded by Morgan Stanley from Overweight to Equal Weight. Piper Jaffray slashed its rating from Overweight to Neutral. Though, it maintained its price target for the stock at $40. ARM Holdings deals in microprocessors and allied technologies. The company is based out of the United Kingdom.

American Express Company (NYSE:AXP): The financial services company stock is now rated Underweight by JPMorgan Chase. Its earlier rating was at neutral. The stock’s price target has been set at $60. The stock is trading at $60.64, 0.21 percent lower than its previous close. It has traded in the range of $60.48 and $60.85 in the current trading session. American Express commands market capitalization of $67.87 billion. It has traded 860k shares so far, in comparison to its daily average trading volume of 5.522 million shares. American Express offers card products globally. The company is based out of New York. The company stock trades at Price Earnings ratio of 14.04 and its beta is at 1.06. The stock has traded in the range of $48.84 and $61.97 in the past 52 weeks. American Express has also been downgraded by Goldman Sachs from Buy to Neutral. Its price target is at $65.

International Business Machines Corporation (NYSE:IBM): The company has signed a new collaboration with Signet Jewelers for improving its customer experience. However, its stock has been downgraded from Overweight to Neutral. Its new price target is at $197, down from the previous target of $215. The stock is trading at $192.33, 0.16 percent lower than its previous close. It has traded in the range of $191.35 and $192.67 in the current trading session. IBM commands market capitalization of $217.50 billion. It has traded 757k shares so far, in comparison to its daily average trading volume of 4.221 million shares. The company stock trades at Price Earnings ratio of 13.84 and its beta is at 0.64. The stock has traded in the range of $179.50 and $211.79 in the past 52 weeks. IBM offers a wide range of services including IT products and services.

KBR Inc. (NYSE:KBR): The company recently lowered its profit forecast for 2012. It also presented weak outlook for 2013. The negative announcement lead to several downgrades. Johnson Rice lowered its rating from overweight to equalweight while Capital One lowered the rating to Neutral, down from Add. Its stock traded in the range of $29.23 and $29.56 in the current trading session and at this point is at $29.33, down 1.01 percent. It is trading above its 20 days moving average price of $29.33. The stock’s highest price point of 52 weeks stands at $38 while its lowest price point is at $22.09. KBR stock is trading at Price Earnings ratio of 21.53 and its beta is 1.29. The company’s dividend yield stands at 1.09 percent. Tudor Pickering rates the stock at Accumulate, down from Buy.

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