Analyst Update: Amazon.com, Inc., Starbucks Corporation, and Yingli Green Energy Hold. Co. Ltd. (ADR)

Analysts adjusted their ratings on AMZN, SBUX, and YGE

by Alex Eppstein

Published on Nov 28, 2014 at 8:33 AM
Updated on Apr 20, 2015 at 5:32 PM

Analysts are weighing in today on Internet retailer Amazon.com, Inc. (NASDAQ:AMZN), java giant Starbucks Corporation (NASDAQ:SBUX), and solar issue Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE). Here's a quick look at today's brokerage notes on AMZN, SBUX, and YGE.

  • Despite being down 16.4% year-to-date to trade at $333.57, AMZN saw its price target upped by $50 to $400 at Piper Jaffray, which reiterated its "overweight" recommendation. This positive perspective is fairly standard as far as the brokerage crowd is concerned, with the stock sporting 18 "buy" or better ratings versus a dozen "holds" and not a single "sell" assessment. Optimism is brimming at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), as well. Amazon.com, Inc.'s 10-day call/put volume ratio across those exchanges is 1.63 -- just 5 percentage points from a 12-month peak.

  • SBUX has been running up the charts since its mid-October low of $70.77, settling at $79.70 on Wednesday -- a 12.6% advance. As such, the shares' price target was boosted to $100 from $90 at Piper Jaffray, while the brokerage firm underscored its "overweight" rating. Elsewhere, however, Starbucks Corporation's Schaeffer's put/call open interest ratio (SOIR) of 1.20 ranks in the 86th percentile of its annual range, suggesting short-term traders have rarely preferred puts over calls more strongly. A capitulation among these skeptics could pave the way for additional upside in SBUX shares.

  • YGE's price target was reduced to $3 from $3.50 at Roth, which also maintained its "neutral" opinion toward the equity. On the charts, the stock has been in freefall, down almost 41% in 2014 to trade at $2.98. Not surprisingly, short sellers have been rolling the dice on Yingli Green Energy Hold. Co. Ltd. (ADR). Short interest on the shares represents nearly 16% of YGE's float, and would take about two weeks to cover, at typical daily trading volumes.

A Schaeffer's exclusive

TOP STOCK PICKS 2020

Access your FREE insider report before it's too late!


 
 

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


IRA/401k: The Crash-Proof Retirement Plan
Use gold to protect any IRA, 401(k), or retirement account from a looming financial crisis.
Stocks Eye Notable Weekly Gains on 3-Day Surge
Stocks are eyeing big weekly gains
WW Stock Brushes Off Bull Note
Morgan Stanley upgraded the Weight Watchers parent to "overweight" from "equal weight"
IRA/401k: The Crash-Proof Retirement Plan
Use gold to protect any IRA, 401(k), or retirement account from a looming financial crisis.