Analyst Upgrades: Gilead Sciences, Inc., Buffalo Wild Wings, and FireEye Inc

Analysts upwardly revised their ratings on Gilead Sciences, Inc. (GILD), Buffalo Wild Wings (BWW), and FireEye Inc (FEYE)

by Alex Eppstein

Published on Jul 29, 2015 at 9:09 AM

Analysts are weighing in today on drugmaker Gilead Sciences, Inc. (NASDAQ:GILD), sports bar Buffalo Wild Wings (NASDAQ:BWLD), and cybersecurity specialist FireEye Inc (NASDAQ:FEYE). Here's a quick roundup of today's bullish brokerage notes on GILD, BWLD, and FEYE.

  • GILD is receiving a rush of positive attention, after the company blew past second-quarter earnings and sales expectations, and upped its full-year outlook. No fewer than seven analysts raised their price targets on the stock, with UBS setting the highest bar, at $138. However, J.P. Morgan Securities lowered its price target on Gilead Sciences, Inc. to $113 from $116. Ahead of the bell, the shares -- which settled at $113.07 yesterday -- are pointed 3.5% north, ready to add to their 20% year-to-date lead. GILD's bullish bandwagon is getting full. Twelve of 14 analysts rate the stock a "buy" or better, and its consensus 12-month price target of $124.47 stands in never-before-seen territory.

  • The Street is cheering BWLD, as the restaurant chain's strong second-quarter same-store sales overshadow weaker-than-forecast profits. No fewer than five brokerages raised their price targets, with the most ambitious target of $220 courtesy of Cowen and Company. Buffalo Wild Wings has struggled in 2015, shedding 5% to land at $171.28 -- though it's poised to pop 9.2% this morning, thanks to the aforementioned drivers. The expected gap higher could have short sellers on edge. Over 13% of BWLD's float is sold short, representing more than one week of trading, at typical daily volumes.

  • FEYE will not report earnings til tomorrow night, but that hasn't stopped Oppenheimer from boosting its assessment to "outperform" from "perform." The bullish note is well-deserved, considering the stock has soared almost 45% year-to-date to trade at $45.69, and recently flashed a bullish signal. FireEye Inc option bears could get burned. During the last two weeks across the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), FEYE has racked up a put/call volume ratio of 0.76 -- in the 98th percentile of its annual range. If the company has a strong showing in the earnings booth, an unwinding of all this pessimism could boost the shares. 

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