Schaeffer's Trading Floor Blog

Analyst Upgrades: Apple Inc. (AAPL), Nokia Corporation (ADR), and Ford Motor Company

Analysts upwardly revised their ratings on AAPL, NOK, and F

by 4/30/2014 9:25 AM
Stocks quoted in this article:

Analysts are weighing in today on tech powerhouse Apple Inc. (NASDAQ:AAPL), telecom services provider Nokia Corporation (ADR) (NYSE:NOK), and automaker Ford Motor Company (NYSE:F). Here's a quick roundup of today's bullish brokerage notes.

  • AAPL has been exploring annual-high territory this week, following last Wednesday's earnings win and a couple of upbeat news reports. As such, Goldman Sachs lifted its price target on the stock (currently perched at $592.33) to $635 from $620 in pre-market trading. In the options pits, meanwhile, short-term speculators have been more put-focused toward Apple Inc. of late. The equity's Schaeffer's put/call open interest ratio (SOIR) of 0.80 ranks in the 88th annual percentile, indicating put open interest (relative to call open interest) is heavier than usual among options expiring within the next three months.

  • Bernstein and Evercore increased their price targets on NOK to $5.90 from $5.57, and to $8 from $7, respectively, in the wake of the stock's 5.7% post-earnings pop to $7.43 in yesterday's session. Nevertheless, Nokia Corporation (ADR) maintains a year-to-date deficit of 8.4%, and 15 of its 20 covering analysts have dished out "hold" or worse suggestions on the equity. On the other hand, the average 12-month price target of $8.01 denotes a modest premium of 7.8% to the shares' current perch.

  • Although F hit a technical speed bump following last Friday's earnings miss, and now sits about 4% below its Jan. 17 year-to-date high of $16.78 to $16.12, Sterne Agee upped its price target by $2 to $20 this morning. In the options pits, speculators are bullish toward Ford Motor Company, as well. The equity's 10-day International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) call/put volume ratio of 9.82 ranks higher than all other comparable readings from the past year, demonstrating an annual-high level of call buying, relative to put buying, during the past two weeks. A continuation of F's downward trajectory may cause some of these bullish bettors to hit the exits in the near term, creating additional headwinds for the shares.

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