Analyst Update: Expedia, Inc., Boulder Brands, Inc., and Yahoo! Inc.

Analysts adjusted their ratings and price targets on Expedia Inc (NASDAQ:EXPE), Boulder Brands Inc (NASDAQ:BDBD), and Yahoo! Inc. (NASDAQ:YHOO)

by Josh Selway

Published on Jun 10, 2015 at 1:32 PM
Updated on Jun 10, 2015 at 1:42 PM

Analysts are weighing in today on travel website Expedia Inc (NASDAQ:EXPE), food packager Boulder Brands Inc (NASDAQ:BDBD), and Internet giant Yahoo! Inc. (NASDAQ:YHOO). Here's a quick look at today's brokerage notes on EXPE, BDBD, and YHOO.

  • A $12 price-target hike at Cowen and Company has EXPE 2.3% higher this afternoon at $107.46. With today's rise, the shares are up almost 41% since their 2015 low of $76.34 on Feb. 9. However, option traders have remained stubbornly bearish. At the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), Expedia Inc's 10-day put/call volume ratio stands at 3.31, putting it only 2 percentage points away from an annual high. If the equity continues moving higher on the charts, a reversal of option trader sentiment could provide an additional lift. Looking ahead, EXPE will hold its annual shareholder meeting next Tuesday, June 16.

  • It's been a dreadful day for BDBD. Not only did the company's CEO Steve Hughes resign, but it also dramatically reduced its current-quarter outlook, a move that Canaccord Genuity says is "calling into question the longer term growth profile of BDBD's portfolio." As a result, the brokerage firm lowered its price target on the stock to $8.50 from $12. After touching a three-year low of $6.82 earlier, the stock was last seen at $7 -- a 21.2% drop on the day. Short sellers have to be cheering the news. Over one-fifth of Boulder Brands Inc's float is sold short, and would take a whopping 21 sessions to buy back, at its normal trading pace.

  • YHOO has added 1.3% today to trade at $42.15, even though UBS lowered its price target by $1 to $58 (but kept its "buy" outlook). The shares have been struggling lately, trailing the S&P 500 Index (SPX) by almost 8 percentage points in the last two months, and the options arena has grown extremely bearish. Yahoo! Inc.'s 10-day ISE/CBOE/PHLX put/call volume ratio of 0.43 ranks in the 83rd annual percentile, meaning there's been a much greater-than-usual appetite for long puts over calls lately.

A Schaeffer's exclusive!

The Expert's Guide

Access your FREE trading earning announcements before it's too late!



NEW! Explore Schaeffer’s Partners' deals and get connected to top online brokerages with deals tailored exclusively for our readers.  Get answers to your questions regarding transfer fees, commission rates, programs and available discounts related to online trading services.

MORE | MARKETstories

Look Who's Going Bankrupt Next in America
Porter Stansberry is making a concerning prediction.
First Week in April Provides More Coronavirus-Related Volatility
A slew of coronavirus-related news sent markets on another weekly roller coaster ride
Netflix Stock Heading into Historically Bullish Quarter
NFLX's 10-day moving average has stepped up as support lately
Look Who's Going Bankrupt Next in America
Porter Stansberry is making a concerning prediction.