Schaeffer's Trading Floor Blog
Stocks quoted in this article:

Analysts are weighing in today on casino operator Las Vegas Sands Corp. (NYSE:LVS), Internet radio issue Pandora Media Inc (NYSE:P), and broadline retailer Wal-Mart Stores, Inc. (NYSE:WMT). Here's a quick roundup of today's bullish brokerage notes.

  • Up more than 53% so far this year to perch at $70.84, LVS was initiated at FBR with an "outperform" endorsement ahead of the opening bell. Meanwhile, the equity's Schaeffer's put/call open interest ratio (SOIR) of 0.84 ranks higher than 72% of similar readings taken during the last 12 months, indicating near-term speculators are more put-focused toward Las Vegas Sands Corp. than usual right now. This bevy of put positions could give the stock a boost as they're unwound.

  • P -- which has more than tripled in value year-to-date to trade at $28.24 -- scored a price-target hike to $33 from $25 at Needham Research last night. Elsewhere, Pandora Media Inc's 50-day International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) put/call volume ratio of 1.40 is just 1 percentage point shy of a 12-month peak, confirming traders have been buying to open puts over calls at a near-annual-high pace. From a contrarian perspective, an unwinding of these bearish bets could serve as a tailwind for the security.

  • As WMT prepares to step into the earnings confessional tomorrow morning before the open, Jefferies lifted its price target for the stock to $90 last overnight. However, the brokerage bunch is almost evenly divided toward Wal-Mart Stores, Inc., which has advanced north of 15% in 2013. The retailer currently maintains nine "buy" or better recommendations, compared to eight "holds," and zero "sell" or worse suggestions. Additionally, the security's average 12-month price target of $81.77 denotes expected upside of just 3.9% to yesterday's closing price of $78.71.

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