Schaeffer's Trading Floor Blog

Analyst Upgrades: Dollar Tree, Facebook, and Juniper Networks

Analysts upwardly revised their ratings on DLTR, FB, and JNPR

by 10/24/2012 9:15 AM
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Analysts are weighing in today on discount retailer Dollar Tree, Inc. (NASDAQ:DLTR - 39.19), social networking website Facebook Inc (NASDAQ:FB - 19.50), and software developer Juniper Networks, Inc. (NYSE:JNPR - 17.57). Here's a quick roundup of today's bullish brokerage notes.

  • DLTR was upgraded to "conviction buy" from "neutral" at Goldman Sachs ahead of the opening bell, which could help ease the stock's year-to-date loss of about 6%. Meanwhile, calls are dominating the options pits, as reflected by the equity's 10-day International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) call/put volume ratio of 3.97 -- confirming calls bought to open have nearly quadrupled puts during the past two weeks. This ratio ranks in the 81st percentile of its annual range, meaning traders have been snapping up calls over puts at a faster-than-usual pace.

  • Up about 21% in pre-market action, FB was flooded with bullish attention this morning, thanks to quarterly earnings results that surpassed analysts' expectations. Specifically, the equity was raised to "buy" from "hold" at Stifel Nicolaus, while Bank of America-Merrill Lynch and Citigroup also issued upgrades. FB also received price-target hikes at Cantor Fitzgerald, Jefferies, and Macquarie. The stock has shed about 10% so far this month, which may be luring near-term skeptics. In fact, the security's Schaeffer's put/call open interest ratio (SOIR) sits at 1.47, indicating puts outweigh calls among the front three-months' series of options.

  • A better-than-expected third-quarter earnings report helped JNPR secure several bullish brokerage notes this morning, as well. Cantor Fitzgerald lifted its price target to $19 from $17, while Barclays, BMO, and Wedbush also upwardly revised their respective price targets. However, the equity has surrendered close to 23% on a year-over-year basis -- and trailed the broader S&P 500 Index (SPX) on a relative-strength basis during the past two months -- which may be keeping a number of analysts rooted in JNPR's bearish camp. Only eight "buy" or better ratings have been doled out, compared to 21 lukewarm "holds" and zero "sells."

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