Schaeffer's Trading Floor Blog

Analyst Upgrades: Yahoo! Inc., Pandora Media Inc, and Wal-Mart Stores, Inc.

Analysts upwardly revised their ratings on YHOO, P, and WMT

by 1/29/2014 9:22 AM
Stocks quoted in this article:

Analysts are weighing in today on search engine name Yahoo! Inc. (NASDAQ:YHOO), Internet radio concern Pandora Media Inc (NYSE:P), and retail giant Wal-Mart Stores, Inc. (NYSE:WMT). Here's a quick roundup of today's bullish brokerage notes.

  • Nearly a dozen brokerage firms have adjusted their positions on YHOO following the company's fourth-quarter earnings report last night. Included in the mix were BMO and Cowen, which upped their price targets by $3 to $35 and $32, respectively. (A handful of firms also reduced their outlooks on YHOO.) Heading into the scheduled event, Yahoo! Inc. -- which boasts a year-over-year gain of 94% -- maintained an average 12-month price target of $40.36, representing modest expected upside from the stock's current price of $38.22. Plus, the equity is looking at 15 "buy" or better endorsements and 11 "hold" ratings, with not a single "sell" or worse suggestion in sight.

  • Susquehanna has taken notice of P's impressive year-to-date advance of 27.6%, increasing its price target by $5 to $41 this morning. Meanwhile, short interest is relatively high on Pandora Media Inc, as these bearish bets account for 14.5% of the stock's float -- or 19.8 million shares. Should the equity's upward trajectory continue, the shares -- perched at $33.94 -- may end up benefiting from short-covering activity.

  • Credit Suisse upgraded WMT to "outperform" from "neutral" this morning, despite the equity's year-to-date decline of 5.1%. (The move followed last night's news that Wal-Mart plans to improve its compliance measures in China.) Meanwhile, in the options pits, the stock -- trading at $74.67 -- sports a Schaeffer's put/call open interest ratio (SOIR) of 0.61, with calls healthily outnumbering puts among options expiring within the next three months. This reading is just 3 percentage points from a 12-month low, indicating short-term traders have rarely been more call-focused on Wal-Mart Stores, Inc. during the past year.

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