Analyst Upgrades: Juniper Networks, Skyworks, MBIA

Analysts upwardly revised their ratings on Juniper Networks, Inc. (NYSE:JNPR), Skyworks Solutions Inc (NASDAQ:SWKS), and MBIA Inc. (NYSE:MBI)

May 12, 2015 at 9:17 AM
facebook twitter linkedin


Analysts are weighing in on networking specialist Juniper Networks, Inc. (NYSE:JNPR), semiconductor concern Skyworks Solutions Inc (NASDAQ:SWKS), and insurance issue MBIA Inc. (NYSE:MBI). Here's a quick roundup of today's bullish brokerage notes on JNPR, SWKS, and MBI.

  • BofA-Merrill Lynch upped its outlook for JNPR to "buy" from "neutral," and its price target to $34 from $27 -- sending the shares higher ahead of the bell, and on track to take out their annual peak of $27.28 from yesterday. Longer term, the security has put in a strong technical performance, boasting a more than 21% year-to-date lead. A continued rise could prompt more bullish brokerage notes. Currently, 71% of those covering Juniper Networks, Inc. maintain a lukewarm "hold" rating. Additionally, the average 12-month price target for JNPR is $25.56 -- a discount to last night's close at $27.09.

  • SWKS saw its price target lifted to $90 from $80 at Barclays overnight, although this still rests below Monday's settlement at $97.03. On the charts, the stock has been enjoying a lift from its 60-day moving average since last October. What's more, this trendline has helped boost SWKS to a more than 33% year-to-date lead, as well as contained a handful of the equity's most recent pullbacks. However -- outside of a rare showing by option bulls last week -- traders have been initiating long puts over calls at a rapid-fire rate in recent months. At the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), for example, Skyworks Solutions Inc's 50-day put/call volume ratio of 0.51 ranks in the 97th annual percentile.

  • BTIG raised its price target on MBI to $13 from $12, representing expected upside of 45.3% to last night's close at $8.95, and a trek into territory not seen since last June. In fact, the shares have been steadily losing ground since topping out at an annual high of $13.25 on June 17, off more than 32%. Option traders have taken a glass-half-empty approach of late -- the stock's 10-day ISE/CBOE/PHLX put/call volume ratio of 19.95 rests just 7 percentage points from a 52-week peak. Elsewhere, MBIA Inc. unveiled first-quarter earnings after last night's close.
 

 

 

These investors are using the market's volatility to their advantage and scoring triple-digit gains on many of their trades.

Even in today's sideways bear market, this trading strategy has continued to provide consistency and profitability to a small group of investors. By using this approach, these traders are removing directional risk and still hitting triple-digit returns. If you want access to this strategy, and lower risk with higher returns sounds good to you, then don't wait another minute.

Join us now to receive our next trades the moment they come out!

 

Common mistakes options traders make
 


 


 
Special Offers from Schaeffer's Trading Partners