Schaeffer's Trading Floor Blog

Analyst Upgrades: Facebook Inc (FB), Texas Instruments Incorporated, and Juniper Networks, Inc.

Analysts upwardly revised their ratings on FB, TXN, and JNPR

by 3/14/2014 9:17 AM
Stocks quoted in this article:

Analysts are weighing in today on social networking kingpin Facebook Inc (NASDAQ:FB), semiconductor specialist Texas Instruments Incorporated (NASDAQ:TXN), and network infrastructure expert Juniper Networks, Inc. (NYSE:JNPR). Here's a quick roundup of today's bullish brokerage notes.

  • FB -- which is up 32.7% from its Jan. 27 intraday low of $51.85 -- received its fourth positive brokerage note of the week this morning, when Nomura raised its price target to $84 from $78. While analysts continue to praise Facebook Inc for its technical advances, investors and option traders have been upping the bearish ante on the stock of late. Particularly, the equity's 10-day International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) put/call volume ratio of 0.45 ranks in the 80th annual percentile, indicating long puts have been picked up at an accelerated rate during the past two weeks, compared to long calls. Plus, short interest climbed 10.3% over the last two reporting periods, now accounting for 37.7 million shares. As such, FB shares could end up receiving additional support on the charts, should these skeptics unwind their bearish positions.

  • Jefferies and BMO upped their price targets on TXN to $52 from $50, and to $50 from $43, respectively, after the stock tapped a 13-year high of $46.78 in yesterday's session. Sentiment appears less optimistic in the equity's options pits, though. Currently, Texas Instruments Incorporated sports a Schaeffer's put/call open interest ratio (SOIR) of 2.25, which ranks 8 percentage points from a 12-month peak. In other words, short-term option players are very put-heavy toward the stock right now, relatively speaking.

  • JNPR -- which has tacked on 11.3% year-to-date to trade at $25.11 -- saw its price target increased to $37 from $35 at Cantor this morning. For comparison, the average 12-month price target among analysts comes in at $29.14, also representing expected upside from the shares' current perch. On the ratings front, however, Juniper Networks, Inc. has received 13 "hold" suggestions, compared to 11 "strong buy" recommendations. As such, there is plenty of room for potential upgrades in the near term, which could provide the shares with an additional boost on the charts.

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