Schaeffer's Trading Floor Blog

Analyst Upgrades: Groupon Inc (GRPN), Tesla Motors Inc (TSLA), and Las Vegas Sands Corp. (LVS)

Analysts upwardly revised their ratings on GRPN, TSLA, and LVS

by 9/19/2013 9:18 AM
Stocks quoted in this article:

Analysts are weighing in today on daily deals website Groupon Inc (NASDAQ:GRPN), electric vehicle maker Tesla Motors Inc (NASDAQ:TSLA), and casino operator Las Vegas Sands Corp. (NYSE:LVS). Here's a quick roundup of today's bullish brokerage notes.

  • Up roughly 138% in 2013, GRPN was upgraded to "buy" from "hold" at Stifel Nicolaus, after announcing plans to acquire SideTour, an Internet firm that offers tours and activities in several major cities. However, the prevailing attitude toward Groupon Inc among the brokerage bunch remains lukewarm at best. Only four analysts have deemed the stock worthy of a "strong buy" endorsement, compared to 16 "holds" and one "strong sell" suggestion. What's more, the equity's consensus 12-month price target of $11.53 represents a slight discount to yesterday's closing price of $11.55. This leaves plenty of room for further upgrades and/or price-target hikes, which could serve as tailwinds for GRPN.

  • TSLA -- which has skyrocketed more than 435% during the past year to perch at $166.22 -- saw its price target lifted to $200 from $160 at Deutsche Bank, just one day after CEO Elon Musk said he's looking for an engineer to help the company design a self-driving vehicle. Nevertheless, there is still plenty of skepticism levied against Tesla Motors Inc. Short interest ramped up by almost 9% during the past two reporting periods, and now these bearish bets account for a hefty 27.7% of the stock's available float. With 21.6 million shares presently sold short, TSLA could end up benefiting from a short-covering rally down the road, should the security continue along its upward trajectory.

  • Analysts at Nomura raised their price target for LVS to $77 from $69 ahead of the opening bell, which could help add to the security's year-to-date advance of about 40%. Meanwhile, Las Vegas Sands Corp. -- which is currently docked at $64.64 -- has been popular among call players lately. The stock's 10-day International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) call/put volume ratio checks in at 2.37, confirming calls bought to open have more than doubled puts during the past two weeks. This ratio sits in the 85th annual percentile, signaling speculators have been scooping up calls over puts at a faster-than-usual pace.

permanent link
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

Partner Center

© 2014 Schaeffer's Investment Research, Inc. 5151 Pfeiffer Road, Suite 250, Cincinnati, Ohio 45242 Phone: (800) 448-2080 FAX: (513) 589-3810 Int'l Callers: (513) 589-3800 Email: service@sir-inc.com

All Rights Reserved. Unauthorized reproduction of any SIR publication is strictly prohibited.

Market Data provided by QuoteMedia.com | Data delayed 15-20 minutes unless otherwise indicated.