Analysts upwardly revised their ratings and price targets on Universal Health Services, Inc. (UHS), Oxford Industries Inc (OXM), and Sigma Designs Inc (SIGM)
Analysts are weighing in today on health care concern Universal Health Services, Inc. (NYSE:UHS), apparel manufacturer Oxford Industries Inc (NYSE:OXM), and smart home focus Sigma Designs Inc (NASDAQ:SIGM). Here's a quick roundup of today's bullish brokerage notes on UHS, OXM, and SIGM.
- UHS has been a force on the charts during the past 12 months, adding 36.5% year-over-year to settle at $127.44 yesterday. This hasn't been enough to excite Wedbush, apparently, as the brokerage firm initiated coverage on the security with a "neutral" rating. Option traders also seem hesitant to get behind the stock. Universal Health Services, Inc.'s 50-day International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) put/call volume ratio comes in at 1.66 -- only 20 percentage points from an annual bearish extreme.
- OXM is up 11% in electronic trading, after the company's strong first-quarter numbers and upwardly revised guidance were met with a round of bullish analyst attention. For instance, KeyBanc and Wunderlich each boosted their price targets to $100, while SunTrust Robinson set its mark at $95. All of these price targets represent all-time-high territory for Oxford Industries Inc, which closed at $81.01 yesterday. The shares have already picked up nearly 47% in 2015, outpacing the S&P 500 Index (SPX) by more than 44 percentage points in the past three months. Analysts have high hopes, too. All three brokerage firms covering OXM say it's a "strong buy."
- After the company reported better-than-expected first-quarter earnings last night, analysts are showing their approval of SIGM. Craig-Hallum raised its price target to $12 from $11, and Needham bumped its target to $13 from $10. Since November, the stock has been riding its 10-week moving average higher, yesterday touching a four-year high of $9.05, before settling at $8.94. With this technical success, it's not a surprise that bears are staying away from Sigma Designs Inc. During the past 20 sessions at the ISE, CBOE, and PHLX, not a single put has been bought to open. At last check, SIGM was pointed 9.6% higher ahead of the open.