Analyst Update: GoPro Inc, Netflix, Inc., and Community Health Systems

Analysts are weighing in on camera stock GoPro Inc (NASDAQ:GPRO), streaming video giant Netflix, Inc. (NASDAQ:NFLX), and hospital operator Community Health Systems (NYSE:CYH). Here's a quick roundup of today's brokerage notes on GPRO, NFLX, and CYH.

• GPRO is getting wrecked today, after Pacific Crest said the company's inventory levels are approaching record highs, and lowered its 2016 and 2017 earnings and sales outlooks. At last check, the stock has tanked 7.1% at $12.99, and slipped back below its 20-week moving average. Year-to-date, GoPro Inc has surrendered over one-quarter of its value. Short-term options traders have grown put-skewed amid these technical troubles. GPRO's Schaeffer's put/call open interest ratio (SOIR) of 1.20 ranks just 2 percentage points from an annual peak -- mirroring the pessimism we've observed among short sellers.

• NFLX is down 2.2% at $93.77, pressured by a $6 price-target cut to $141 at UBS. It's been tough sledding for the stock since an earnings-induced bear gap early last week, with Netflix, Inc. tumbling into double-digit territory and now testing its 320-day moving average. However, options traders have kept the faith. NFLX's 50-day call/put volume ratio of 1.28 across the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) outstrips more than three-quarters of all other readings taken in the last year.

• CYH was hit with a downgrade to "underperform" from "market perform" at Raymond James, which cited the negative implications of the company's Quorum spin-off. Community Health Systems was last seen 8.3% lower at $19.10, bringing its year-to-date deficit to 28%. Another big move could be ahead, too, as the healthcare firm will report earnings one week from tonight. Options traders have high hopes for CYH, seemingly undaunted by its long-term struggles. The stock's 50-day ISE/CBOE/PHLX call/put volume ratio of 9.38 sits in the 92nd percentile of its annual range, indicating traders have been buying to open calls over puts at a near-extreme rate.

For other stocks in analysts' crosshairs, read Analyst Upgrades: Honeywell International Inc., Alibaba Group Holding Ltd, and Tesla Motors Inc and Analyst Downgrades: Resolute Forest Products Inc, LinkedIn Corp, and Wells Fargo & Co.