Analyst Update: Kohl's, Skyworks, Coronado Biosciences

Analysts adjusted their ratings on Kohl's Corporation (KSS), Skyworks Solutions Inc (SWKS), and Coronado Biosciences Inc (CNDO)

Mar 31, 2015 at 11:49 AM
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Analysts are weighing in today on retailer Kohl's Corporation (NYSE:KSS), semiconductor issue Skyworks Solutions Inc (NASDAQ:SWKS), and biotech firm Coronado Biosciences Inc (NASDASQ:CNDO). Here's a quick look at today's brokerage notes on KSS, SWKS, and CNDO.

  • KSS is up 2.7% to $78.68 -- and earlier touched a near-eight-year high of $78.80 -- after Sterne Agee raised its price target on the equity to $85 while keeping its "buy" rating. The hike comes as no surprise, considering the shares of Kohl's Corporation have advanced 28.9% year-to-date. Despite this impressive price action, short sellers have taken a shine to the stock, as short interest increased by about 9.7% over the past two reporting periods. As of right now, 12.07% of KSS' available float is sold short, which would take almost two weeks to cover, at average trading volumes. Should KSS extend its quest for new highs, a short squeeze could add fuel to the stock's fire.

  • Raymond James raised its price target on SWKS by $12 to $117 -- in uncharted territory. The stock is still feeling the effects of last week's sector-wide swoon, down 1.2% today to hit $98.97. Looking back, though, Skyworks Solutions Inc has been a technical juggernaut, with the shares up 163.1% year-over-year. In fact, the equity notched an all-time high of $102.77 just last week. However, sentiment in the options pits has been bearish, as SWKS's 50-day International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) put/call volume ratio of 0.45 ranks higher than 88% of all equivalent readings taken over the past year. On the other hand, the brokerage bunch remains extremely bullish on SWKS, as 86% of covering analysts rate the security a "strong buy."

  • CNDO is up 17.5% to $4.16, after MLV & Co upgraded the stock to "buy" from "hold," while increasing its price target to $7 from $2. What's more, the brokerage firm said it expects Coronado Biosciences Inc's opioid drug, tramadol, to win regulatory approval as early as next year, and estimated the drug could generate $80 million in annual sales by 2018. On the charts, CNDO has been a technical outperformer of late, with the shares up about 70% year-to-date, and just off an annual high of $5.35, tagged earlier this month. However, puts have been prominent in the options pits, as CNDO's 50-day ISE/CBOE/PHLX put/call volume ratio of 0.11 stands in the 80th percentile of its annual range. Simply stated, traders have been buying puts over calls at a faster-than-usual clip.
 

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