Analysts upwardly revised their ratings on Ollie's Bargain Outlet Holdings Inc (OLLI), Aquinox Pharmaceuticals Inc (AQXP), and Delta Air Lines, Inc. (DAL)
Analysts are weighing in on discount retailer Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI), drugmaker Aquinox Pharmaceuticals Inc (NASDAQ:AQXP), and airline issue Delta Air Lines, Inc. (NYSE:DAL). Here's a quick roundup of today's bullish brokerage notes on OLLI, AQXP, and DAL.
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Wall Street newcomer OLLI received a bevy of bullish brokerage attention this morning. Chiming in on the stock were Jefferies, J.P. Morgan Securities, KeyBanc, and RBC -- which all gave OLLI the equivalent of a "buy" rating and set their respective price targets in the $23-to-$24 range, never-before-seen territory. Credit Suisse, meanwhile, was a bit more cautious, initiating coverage with a "neutral" recommendation and a $20 target price. After a quick pop on its first day of trading -- which included hitting a record peak of $22.99 -- Ollie's Bargain Outlet Holdings Inc has shed 6% since its July 16 close at $21.15, and currently rests at $19.86.
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Friday was a big day for AQXP -- which popped nearly sixfold, thanks to some well-received drug data. The stock is back at it this morning -- up 140% at $25, and fresh off a record high of $25.87 -- following a price-target hike to $14 from $3 at Cowen and Company, and news that Baker Bros. Advisors has taken a 39.8% stake in Aquinox Pharmaceuticals Inc. Additional price-target hikes could be on the horizon, which may translate into more gains. Currently, the consensus 12-month price target of $5 stands at a steep discount to current trading levels.
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Raymond James boosted its price target on DAL to $58 from $53, representing expected upside of 25% to Friday's close at $46.35, and a move into uncharted waters. Technically speaking, the stock is down roughly 4.3% year-to-date at $47.06, and has recently run into trouble near the $47 mark -- an area that served as support in mid-May. Option traders have been rolling the dice on a breakout, though. At the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), DAL's 50-day call/put volume ratio of 6.97 sits in the 99th annual percentile. Simply stated, calls have been bought to open over puts at a faster clip just 1% of the time within the past year. Separately, Delta Air Lines, Inc. said it has reduced the number of flights to Dubai, due to growth on Gulf carriers.