Schaeffer's Trading Floor Blog

Analyst Upgrades: QUALCOMM, F5 Networks, and Sherwin-Williams

Analysts upwardly revised their ratings on QCOM, FFIV, and SHW

by 11/13/2012 9:11 AM
Stocks quoted in this article:

Analysts are weighing in today on telecom stock QUALCOMM, Inc. (NASDAQ:QCOM - 61.62), tech concern F5 Networks, Inc. (NASDAQ:FFIV - 86.14), and paint manufacturer Sherwin-Williams Company (NYSE:SHW - 149.06). Here's a quick roundup of today's bullish brokerage notes.

  • QCOM saw its price target lifted to $75 from $70 at Nomura this morning, which could help the stock add to its year-to-date advance of roughly 13%. However, the equity is no stranger to positive analyst attention. QCOM currently boasts 28 "strong buys" and five "buy" endorsements, compared to three "holds" and not a single "sell" suggestion. What's more, Thomson Reuters pegs the security's average 12-month price target at $71.85, reflecting expected upside of nearly 17% to Monday's closing price of $61.62.

  • Up about 2% in pre-market trading, FFIV was upgraded to "buy" from "neutral" at Goldman Sachs today. The brokerage firm also upped its price target by $2 to $106, and lifted its earnings estimates for the next three years. The security has surrendered more than 22% during the past year, but that hasn't stopped near-term bulls from converging on FFIV. The equity's Schaeffer's put/call open interest ratio (SOIR) sits at 0.74, with calls outstripping puts among the front three-months' series of options. This ratio arrives in the 13th percentile of its annual range, meaning short-term options players have rarely been more call-heavy toward stock during the past year.

  • SHW was raised to "outperform" from "underperform" at CLSA this morning, and received a price-target hike to $179 from $160 at Nomura, after the company said it will acquire Mexico City coatings maker Consorcio Comex SA de CV for around $2.34 billion. With the security's year-over-year gain of more than 73%, it's no surprise that calls bought to open outpace puts, as evidenced by SHW's 10-day International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) call/put volume ratio of 1.53. In fact, this ratio is just four percentage points shy of a yearly peak, meaning traders have been buying calls over puts at a near annual-high clip.

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