Analyst Update: InterXion Holding N.V., LifeLock, Inc., and The Western Union Company

Analysts adjusted their ratings on InterXion Holding NV (INXN), Lifelock Inc (LOCK), and The Western Union Company (WU)

by Griffin Kruse

    Published on Feb 11, 2015 at 12:47 PM
    Updated on Apr 20, 2015 at 5:32 PM

    Analysts are weighing in today on cloud concern InterXion Holding NV (NYSE:INXN), cybersecurity specialist Lifelock Inc (NYSE:LOCK), and money-movement mogul The Western Union Company (NYSE:WU). Here's a quick look at today's brokerage notes on INXN, LOCK, and WU.

    • INXN is up about 16% today to trade at $32.47, and earlier reached an all-time high of $33.16, following news that the company has entered into a non-binding agreement on an all-share merger with U.K.-based TeleCity. Reacting to the news was Canaccord Genuity, which reiterated its "buy" recommendation for the equity. On the charts, InterXion Holding NV has been a beast, advancing more than 33% year-over-year. Meanwhile, sentiment in the stock's options pits is slightly put-skewed, with INXN's Schaeffer's put/call open interest ratio (SOIR) of 0.69 sitting in the 63rd percentile of its annual range.

    • After releasing its fourth-quarter earnings report last night, LOCK has seen its shares fall 5.6% this afternoon to reach $14.47. Exacerbating the losses is a price-target cut to $18 from $20 at Pacific Crest, which nonetheless reiterated an "outperform" rating. Despite rumors that the company could be a takeover target, 2015 has been a rough year so far for Lifelock Inc, with the shares down about 21.8% year-to-date. Not surprisingly, pessimism is prominent in the stock's options pits, with LOCK's 10-day International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) put/call volume ratio of 0.83 ranking higher than 72% of all other similar readings from the past year.

    • WU hit an annual high of $18.68 today -- before falling to $18 for a 2.2% loss -- after the company reported a better-than-expected quarterly profit and a a plan to buy back up to $1.2 billion worth of shares, prompting a round of analyst upgrades. Specifically, Nomura and J.P. Morgan Securities raised their price targets to $19 while underscoring "neutral" and "underweight" ratings, respectively, while Deutsche Bank and Barclays raised their targets to $20, with the former cutting the stock to "hold" and the latter underscoring an "underweight" prediction. On the flip side, Susquehanna upped its price target by $2 to $22, and reiterated a "positive" opinion. Looking back, The Western Union Company has advanced over 23% since hitting an annual low of $14.60 in mid-April. However, put buying has accelerated in recent months, with WU's 50-day ISE/CBOE/PHLX put/call volume ratio of 2.65 sitting in the 78th percentile of its annual range.

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