Schaeffer's Trading Floor Blog

Analyst Upgrades: Verizon, TripAdvisor, and Diamond Foods

Analysts upwardly revised their ratings on VZ, TRIP, and DMND

by 12/10/2012 9:04 AM
Stocks quoted in this article:

Analysts are weighing in today on mobile services company Verizon Communications Inc. (NYSE:VZ - 44.41), travel website TripAdvisor, Inc. (NASDAQ:TRIP - 38.59), and snack food giant Diamond Foods, Inc. (NASDAQ:DMND - 14.81). Here's a quick roundup of today's bullish brokerage notes.

  • VZ -- which has climbed roughly 16% during the past year -- received a price-target hike to $50 from $43 at HSBC this morning. However, short-term traders seem less confident in the security. Schaeffer's put/call open interest ratio (SOIR) for VZ checks in at 1.76, confirming puts nearly double calls among options slated to expire in the next three months. This ratio arrives in the bearishly skewed 67th annual percentile, reflecting a stronger-than-usual preference for puts over calls lately.

  • Up about 53% year-to-date, TRIP was upgraded to "buy" from "hold," and saw its price target lifted to $50 from $37 at Deutsche Bank ahead of the opening bell. Despite this technical strength, bearish speculation on the stock continues to grow. Short interest on TRIP rose by 3.5% during the most recent reporting period, and now accounts for nearly 16% of the equity's available float. It would take four days to cover these shorted shares, at the security's average pace of trading.

  • DMND scored an upward price-target adjustment to $11 from $10 at Jefferies today, after reporting stronger-than-expected quarterly earnings on Friday. The stock has surrendered more than 63% on a year-over-year basis, yet DMND is still seeing plenty of call activity. The equity's 20-day International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) call/put volume ratio sits at 1.46, indicating calls bought to open have outstripped puts during the past month.

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.