BUY, SELL, HOLD (2)

Analyst Update: Yingli Green Energy, Nucor, Dave & Buster's

Analysts revised their ratings and price targets on Yingli Green Energy Holding Co Ltd (ADR) (NYSE:YGE), Nucor Corporation (NYSE:NUE), and Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY)

Jun 8, 2016 at 3:08 PM
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Analysts are weighing in on solar stock Yingli Green Energy Holding Co Ltd (ADR) (NYSE:YGE), steel producer Nucor Corporation (NYSE:NUE), and entertainment issue Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY). Here's a quick roundup of today's brokerage notes on YGE, NUE, and PLAY.

  • YGE is down 2.6% at $4.43, after Deutsche Bank lowered its price target to $5 from $8. However, the stock is again seeing support from its 80-day moving average -- the opposite of this sector peer -- and is still up roughly 55% since sinking below $3 in early May. Options traders are betting on Yingli Green Energy Holding Co Ltd to retreat, though. The stock's 10-day put/call volume ratio at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) stands at 3.93, meaning almost four long puts have been initiated for every call.  Looking ahead, YGE is scheduled to report earnings next Tuesday morning.
  • Add NUE to the list of steel stocks on Credit Suisse's bullish radar, after the brokerage firm raised its price target on the stock to $55 from $45. The shares have added 3% as a result to trade at $51.90, after earlier touching an annual high of $51.99. Nucor Corporation is now up 29% for the year, and options traders can't be happy. For instance, NUE's Schaeffer's put/call open interest ratio (SOIR) of 1.54 marks an annual high, meaning short-term speculators are more put-skewed than at any time in the past 12 months. 
  • PLAY has gained 9.5% to hit $45.82, after the company reported impressive first-quarter earnings results, and raised its full-year outlook. The stock has blown past longtime resistance in the $42-$43 range, and hit a record peak of $46.60 earlier. Helping Dave & Buster's Entertainment, Inc.'s case are price-target increases at Piper Jaffray (to $51) and Raymond James (to $50). PLAY could continue to gain, too, if short sellers keep hitting the exits. Specifically, short interest on the stock fell by almost 9% over the past two reporting periods, but it'd still take remaining short sellers more than seven days to cover their bets, at PLAY's average daily trading volumes. 

For other stocks in analysts' crosshairs, read Analyst Upgrades: AK Steel Holding Corporation, United States Steel Corporation, and Micron Technology, Inc. and Analyst Downgrades: Valeant Pharmaceuticals Intl Inc, Chipotle Mexican Grill, Inc., and VeriFone Systems Inc

 

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