Analyst Update: Herbalife Ltd., Suncor Energy Inc. (USA), and Target Corporation

Analysts adjusted their ratings on HLF, SU, and TGT

by Alex Eppstein

Published on Nov 19, 2014 at 1:57 PM
Updated on Apr 20, 2015 at 5:32 PM

Analysts are weighing in today on nutritional supplements peddler Herbalife Ltd. (NYSE:HLF), oil producer Suncor Energy Inc. (USA) (NYSE:SU), and retailer Target Corporation (NYSE:TGT). Here's a quick look at today's brokerage notes on HLF, SU, and TGT.

  • HLF is up 0.7% this afternoon to trade at $38.60, after BTIG started coverage on the shares with a "buy" rating. Nevertheless, the stock is down nearly 51% on a year-to-date basis, and got crushed two weeks ago on a disappointing earnings report. Not surprisingly, pessimism is running high on Wall Street. For one, Herbalife Ltd.'s Schaeffer's put/call open interest ratio (SOIR) of 2.66 sits at the top of its annual range. For another, a brow-raising 46% of the stock's float is sold short, which represents more than 17 sessions' worth of pent-up buying power, at average daily trading levels.

  • SU has dropped 1.5% to churn near $34.17, as the market reacts negatively to the company's 2015 spending plan and production outlook. Moreover, the equity received a price-target cut to C$46 from C$47 at National Bank Financial -- though the firm reiterated its "outperform" rating. Taking a step back, shares of Suncor Energy Inc. (USA) are down 2.5% in 2014, and have been pressured lower in recent weeks by their 10-week moving average. Despite this bleak technical picture, the brokerage crowd remains enamored with SU. Nine out of 11 covering analysts have doled out "buy" or better opinions, versus two "holds" and not a single "sell" recommendation. Plus, the consensus 12-month price target of $48.25 stands at a 41.2% premium to the current share price.

  • TGT has rallied 6.5% this afternoon -- hitting an annual high of $73.08 earlier -- and at last check was perched at $71.90. The big move is the result of stronger-than-expected third-quarter results, as well as a price-target lift to $59 from $55 at Deutsche Bank. Taking a step back, the security has been on fire recently, with the shares up 16.3% month-to-date. That said, additional bullish brokerage notes could be forthcoming. Fourteen out of the 20 analysts covering Target Corporation have given it a "hold" or worse rating, and the stock's consensus 12-month price target of $61.04 represents a discount to current trading levels. In other words, a round of upgrades and/or price-target hikes could result in tailwinds for TGT.

a schaeffer's exclusive

5 HOT STOCK PICKS

Heat up your summer trading with this FREE insider report!


 
 

Partnercenter


NEW! Explore Schaeffer’s Partners' deals and get connected to top online brokerages with deals tailored exclusively for our readers.  Get answers to your questions regarding transfer fees, commission rates, programs and available discounts related to online trading services.

MORE | MARKETstories


The Next Step Towards a Cashless Economy
Click to continue to advertiser's site.
Research Firm: "Buyer Beware" of This Biotech
S&W Seed stock hasn't seen a surge of this magnitude since 2017
Retail Earnings, Consumer Spending Data to Steer Post-Holiday Trade
Consumer spending data hits Wall Street on the final trading day of May
The Next Step Towards a Cashless Economy
Click to continue to advertiser's site.