Schaeffer's Trading Floor Blog

Analyst Upgrades: Twitter Inc, Cisco Systems, Inc., and Chesapeake Energy Corporation

Analysts upwardly revised their ratings on TWTR, CSCO, and CHK

by 5/12/2014 9:21 AM
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Analysts are weighing in today on microblogging platform Twitter Inc (NYSE:TWTR), IT services provider Cisco Systems, Inc. (NASDAQ:CSCO), and oil-and-gas concern Chesapeake Energy Corporation (NYSE:CHK). Here's a quick roundup of today's bullish brokerage notes.

  • While TWTR maintains a significant year-to-date loss of nearly 50%, SunTrust Robinson upgraded the stock to "buy" from "neutral" this morning, after the shares regained 4.5% of their value during the last two sessions to perch at $32.05. Although Twitter Inc received a couple of other bullish brokerage note last week, the equity still sports 20 "hold" or worse ratings, compared to just four "strong buy" endorsements. However, the average 12-month price target among analysts stands at $45.03, representing a 40.5% premium to the shares' current price.

  • CSCO -- which is stepping up to the earnings plate after Wednesday's close -- saw its price target lifted to $26 from $24 at MKM Partners earlier today. On the charts, Cisco Systems, Inc. is up 13.8% from its Dec. 13 annual low of $20.22 to its current perch at $23.02. Nevertheless, the stock's 10-day International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) put/call volume ratio of 0.63 ranks in the top 25% of its 12-month range, indicating long puts have been scooped up, relative to long calls, at a faster-than-usual clip in the sessions leading up to CSCO's quarterly event.

  • Finally, SunTrust Robinson increased its price target on CHK to $37 from $35 this morning, following the equity's earnings-induced spike to two-year-high territory last week. From a broader technical perspective, the equity has tacked on 20.1% over the past three months to trade at $29.81. Meanwhile, in the options pits, Chesapeake Energy Corporation's Schaeffer's put/call open interest ratio (SOIR) of 0.31 ranks the lowest of all comparable readings taken during the past 12 months. This means put open interest (relative to call open interest) is at an annual-low level among options expiring within the next three months.

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