Schaeffer's Trading Floor Blog

Analyst Upgrades: Yahoo! Inc., KB Home, and Delta Air Lines, Inc.

Analysts upwardly revised their ratings on YHOO, KBH, and DAL

by 6/30/2014 9:21 AM
Stocks quoted in this article:

Analysts are weighing in today on Internet stock Yahoo! Inc. (NASDAQ:YHOO), homebuilder KB Home (NYSE:KBH), and passenger airliner Delta Air Lines, Inc. (NYSE:DAL). Here's a quick roundup of today's bullish brokerage notes.

  • YHOO shares jumped 1.8% on Friday to close at $34.25, after the company reportedly made a $250 million bid for YouTube content provider Fullscreen. Today, the stock is poised to extend its upward trajectory, thanks to an upgrade to "overweight" from "neutral," and a price-target hike to $43 from $37, at Piper Jaffray. With 10 of the 28 analysts covering Yahoo! Inc. still sporting tepid "hold" suggestions, more upgrades may be on the horizon, which could help the equity further up the charts.

  • KBH's strong showing in the earnings confessional Friday morning led the shares 4.5% higher to close at $18.69. Subsequently, this morning, KBW and RBC increased their price targets to $19 from $17, and to $21 from $20, respectively, while Susquehanna upped its target by $3 to $24. On the options front, KB Home's Schaeffer's put/call open interest ratio (SOIR) sits at a 12-month low of 0.32, indicating the equity's short-term speculators are more call-heavy now than they have been at any other time during the last year.

  • DAL has more than doubled in value over the past 12 months to linger at $39.33, so it comes as no surprise Raymond James lifted its price target on the stock to $46 from $45 today. Sentiment toward the airline is already rather upbeat, as the average 12-month price target stands at $47.26, denoting a 20.2% premium to the shares' current perch. Plus, Delta Air Lines, Inc. has received "buy" or better endorsements from 11 of its 12 covering analysts.

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