Needham Downgrades Covidien To Hold


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


Analysts at Needham downgraded Covidien plc (NYSE: COV) from Buy to Hold and removed the price target of $80. Covidien shares have jumped 47.09% over the past 52 weeks, while the S&P 500 index has surged 17.89% in the same period.Covidien's shares fell 1.73% to close at $88.93 yesterday.

27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Posted In: DowngradesAnalyst RatingsNeedham