Schaeffer's Trading Floor Blog

Analyst Upgrades: eBay Inc, Walgreen Company, and The Walt Disney Company

Analysts upwardly revised their ratings on EBAY, WAG, and DIS

by 3/4/2014 9:25 AM
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Analysts are weighing in today on online auction platform eBay Inc (NASDAQ:EBAY), drugstore chain Walgreen Company (NYSE:WAG), and entertainment giant The Walt Disney Company (NYSE:DIS). Here's a quick roundup of today's bullish brokerage notes.

  • EBAY shares flew to record-high levels last week, amid the company's ongoing drama with activist investor Carl Icahn. In the wake of the stock's recent technical success -- the shares have advanced 11.3% over the past month to perch at $58.31 -- UBS raised its price target to $67 from $64 this morning. Bullish sentiment has flooded eBay Inc's options pits, 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 6.04 ranks higher than 96% of similar readings from the past year, demonstrating speculators have bought to open calls over puts at a near-annual-high rate recently.

  • WAG -- which has climbed 21.3% over the past month to trade at $67.40 -- received a price-target hike to $80 from $67 at Susquehanna earlier today. Despite its recent gains, the stock has seen heavier than usual bearish activity in its options pits of late. In fact, Walgreen Company's 10-day ISE/CBOE/PHLX put/call volume ratio of 1.58 ranks in the 88th annual percentile, indicating long puts have been picked up over long calls at a faster-than-usual pace during the past two weeks.

  • DIS saw its price target increased to $88 from $80 at Macquarie, amid news that the entertainment company reached a new long-term carriage deal with DISH Network Corp (NASDAQ:DISH). On the charts, the stock sports a year-over-year gain of 42.4% to trade at $79.46. Meanwhile, in the options pits, The Walt Disney Company has racked up a Schaeffer's put/call open interest ratio (SOIR) of 0.73, which ranks in the 19th percentile of its annual range. In other words, short-term option players are more call-heavy than usual toward DIS right now.

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