Schaeffer's Trading Floor Blog

Analyst Upgrades: Comcast Corporation, Cisco Systems, and TripAdvisor

Analysts upwardly revised their ratings on CMCSA, CSCO, and TRIP

by 2/14/2013 9:19 AM
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Analysts are weighing in today on media mogul Comcast Corporation (NASDAQ:CMCSA - 40.13), big-cap tech concern Cisco Systems, Inc. (NASDAQ:CSCO - 21.14), and online travel issue TripAdvisor Inc (NASDAQ:TRIP - 46.90). Here's a quick roundup of today's bullish brokerage notes.

  • Option traders aren't the only group jumping on CMCSA's bullish bandwagon; analysts are also applauding the company's NBCUniversal deal with General Electric (NYSE:GE). Ahead of the bell today, RBC upgraded the stock to "outperform" from "sector perform," and lifted its price target to $46 from $39. In similar fashion, Nomura upped its price target by $4 to $48, and reiterated its "buy" endorsement. Likewise, Stifel raised its target price to $45 from $42 and reiterated its "buy" rating. Yesterday, CMCSA touched an all-time high of $42 before pulling back to the $40 region, and is set to open modestly higher.

  • Moving on, CSCO is also pointed slightly higher in pre-market action, after the firm reported stronger-than-expected quarterly earnings. In response, a slew of brokerage firms are waxing optimistic on the blue chip, with Stifel, Buckingham Research, Nomura, Jefferies, and Evercore Partners all lifting their respective price targets. There could be more on the way, too, as CSCO's average 12-month price target sits at $22.86 -- representing expected upside of just 8.1% to the stock's closing price on Wednesday.

  • Finally, analysts are taking the glass-half-full approach to TRIP, with J.P. Morgan Securities and Susquehanna upping their price targets to $44 and $40, respectively. Ahead of the bell, the shares are pointed 10.5% lower, with concerns about full-year costs overshadowing stronger-than-anticipated fourth-quarter earnings. Heading into the earnings release, most of Wall Street was skeptical of TRIP. Short interest represents about eight sessions' worth of pent-up buying demand, at the equity's average daily trading volume, and short-term options players are more pessimistically positioned than usual. In fact, the stock's Schaeffer's put/call open interest ratio (SOIR) of 1.15 stands higher than 83% of all other readings of the past year.

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