Analyst Upgrades: ETrade Financial, LinkedIn, GNC

Analysts upwardly revised their ratings on E*TRADE Financial Corp (ETFC), LinkedIn Corp (LNKD), and GNC Holdings Inc (GNC)

Mar 12, 2015 at 9:29 AM
facebook twitter linkedin

Analysts are weighing in today on stock trading platform E*TRADE Financial Corp (NASDAQ:ETFC), professional networking site LinkedIn Corp (NYSE:LNKD), and health products retailer GNC Holdings Inc (NYSE:GNC). Here's a quick roundup of today's bullish brokerage notes on ETFC, LNKD, and GNC.

  • Goldman Sachs upped its price target on ETFC to $32, and underscored a "buy" rating. The bullish note is well-deserved, considering the shares have advanced 14.3% year-to-date to trade at $27.72 -- and are now poised to take out their their multi-year high of $28.18, touched on Tuesday. Surveying the sentiment landscape, there's plenty of optimism around Wall Street. Seven of nine covering analysts have given E*TRADE Financial Corp a "buy" or better recommendation, compared to two "holds" and not a single "sell." Plus, the stock's 10-day call/put volume ratio across the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) stands at a lofty 45.47 -- higher than 88% of comparable readings from the past year.

  • LNKD -- which has advanced more than 30% year-over-year to perch at $264.95 -- saw its price target boosted to $300 from $285 at Canaccord Genuity, which also re-affirmed its "buy" opinion. In recent weeks, since gapping higher on an early February earnings beat, LinkedIn Corp has been consolidating in the $265-$275 range. During this time frame, the stock also hit a record high of $276.18 on Feb. 26, following another bullish brokerage note. Not surprisingly, 19 analysts rate LNKD a "buy" or better, versus eight "holds" and not a single "sell." Plus, the equity's average 12-month price target of $292.33 sits in uncharted waters.

  • Finally, GNC is poised to pop 3.5% out of the gate, following an upgrade to "overweight" from "equal weight" -- and price-target hike to $56 from $52 -- at Morgan Stanley. The shares (which closed Wednesday at $45.18) now have a chance to test their year-to-date breakeven mark of $46.96 -- after falling below it on March 10, when the security dropped 8.5% amid questions surrounding its herbal supplements. On the sentiment front, puts have been popular in GNC Holdings Inc's options pits. The stock's 10-day ISE/CBOE/PHLX put/call volume ratio of 4.06 indicates puts have been bought to open at quadruple the pace of calls. What's more, this ratio ranks in the 96th percentile of its 52-week range, suggesting a stronger-than-usual appetite for bearish bets over bullish.

Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 



Special Offers from Schaeffer's Trading Partners