Analyst Upgrades: GoPro, Microsoft, Delta Air Lines

Analysts upwardly revised their ratings on GPRO, MSFT, and DAL

Dec 12, 2014 at 9:07 AM
facebook twitter linkedin


Analysts are weighing in today on mobile camera maker GoPro Inc (NASDAQ:GPRO), blue chip Microsoft Corporation (NASDAQ:MSFT), and airline issue Delta Air Lines, Inc. (NYSE:DAL). Here's a quick roundup of today's bullish brokerage notes on GPRO, MSFT, and DAL.

  • GPRO is headed 4.1% higher ahead of the bell, after J.P. Morgan Securities upgraded the stock to "overweight" from "neutral." The brokerage firm said GoPro Inc is a "strong growth-stock at a more reasonable price ahead of catalysts," including January's Consumer Electronics Show. The shares of GPRO have hit a rough patch in recent weeks, landing at $60.05 on Thursday, but the stock has more than doubled since inception in late June. Nevertheless, today's upgrade marks a change of pace for GPRO, which sports just three "strong buys," compared to seven tepid "holds" and one "strong sell."

  • MSFT is pointed modestly lower in pre-market action, despite a pair of upbeat analyst notes. FBR upped its price target by $4 to $57, and reiterated an "outperform" opinion, while Piper Jaffray launched coverage with an "overweight" endorsement. Microsoft Corporation yesterday said it will host a Jan. 21 event to reveal more features of Windows 10 -- slated for release next fall -- and that it will allow bitcoin payments for online games and apps. MSFT has advanced more than 26% in 2014, closing at $47.17 yesterday, yet the stock's Schaeffer's put/call open interest ratio (SOIR) of 1.23 stands higher than 95% of all other readings from the past year. In other words, near-term options traders are more put-biased than usual right now.

  • Finally, DAL settled at an all-time closing high of $48.33 yesterday, as airlines capitalized on crude's journey to five-year lows. DAL is set to extend its quest for record peaks today, too, with the shares pointed 1.5% higher in electronic trading. Last night, Delta Air Lines, Inc. and Republic Airways Holdings Inc. (NASDAQ:RJET) announced an expansion of their partnership, and this morning DAL was greeted with several bullish brokerage notes. Deutsche Bank upped its price target by $12 to $60, Cowen and Company lifted its target by $13 to $58, and Buckingham hiked its target by $16 to $70; all three reiterated "buy" or equivalent ratings. DAL is no stranger to positive analyst attention, though, as 10 out of 11 brokerage firms consider the stock a "buy" or better.
 

Stop leaving money on the table with the same old broken options trading approach...

There is no options strategy that more perfectly capitalizes during earnings season better than this simple call and put buying strategy. Perfect for aggressive traders looking to recover their suffering portfolios so far in 2022. With the simplest possible options strategy, Schaeffer's team with 100+ years of options trading excellence, target 200% gains on every single trade. So many trades are being beaten down by the market, but don't be one of them! Don't waste another second... join us right now before the next trade is released! 

 
Schaeffer's Daily Bulletin Offer
 


 


 
Special Offers from Schaeffer's Trading Partners