Schaeffer's Trading Floor Blog

Analyst Upgrades: Green Mountain Coffee Roasters Inc., T-Mobile US Inc, and JPMorgan Chase & Co.

Analysts upwardly revised their ratings on GMCR, TMUS, and JPM

by 2/10/2014 9:24 AM
Stocks quoted in this article:

Analysts are weighing in today on coffee expert Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR), wireless phone carrier T-Mobile US Inc (NYSE:TMUS), and financial services firm JPMorgan Chase & Co. (NYSE:JPM). Here's a quick roundup of today's bullish brokerage notes.

  • SunTrust upped its price target for GMCR to $115 from $85, after the company reached a multi-year plan to work with Krispy Kreme Doughnuts (NYSE:KKD). Technically speaking, Green Mountain Coffee Roasters Inc. now boasts a year-over-year gain of 138.6% to perch at $107.75, following last Thursday's 26.2% jump on earnings and a major partnership with The Coca-Cola Company (NYSE:KO). Still, short interest makes up 29.3% of the stock's float, which would take almost three weeks to cover, at the shares' average daily volume. As such, GMCR may end up benefiting from short-covering activity in the near term as bears hit the exits.

  • Though TMUS has been on a downward trajectory since the start of 2014, dropping 9.5% year-to-date to trade at $30.43, Barclays increased its price target by $10 to $36, and upgraded the stock to "overweight" from "equal weight" this morning. Meanwhile, in the options pits, the stock has racked up a Schaeffer's put/call open interest ratio (SOIR) of 0.73, which is just 2 percentage points shy of a 12-month high. This means short-term options players have rarely been more put-heavy toward T-Mobile US Inc throughout the past year.

  • JPM -- which has climbed a modest 16.4% on a year-over-year basis to perch at $56.62 -- received an upgrade to "buy" from "hold" at SocGen in pre-market action. Meanwhile, during the last two weeks at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), JPMorgan Chase & Co. speculators have bought to open quadruple the number of calls compared to puts. The resulting 10-day call/put volume ratio of 4.10 ranks higher than all other similar readings from the past year, indicating annual-high demand for long calls over long puts of late.

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