Analyst Upgrades: Cyberark Software, Kinder Morgan, Sirius XM

Analysts upwardly revised their ratings on Cyberark Software Ltd (NASDAQ:CYBR), Kinder Morgan Inc (NYSE:KMI), and

Aug 14, 2015 at 9:14 AM
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Analysts are weighing in on cybersecurity concern Cyberark Software Ltd (NASDAQ:CYBR), energy issue Kinder Morgan Inc (NYSE:KMI), and satellite radio name Sirius XM Holdings Inc. (NASDAQ:SIRI). Here's a quick roundup of today's bullish brokerage notes on CYBR, KMI, and SIRI.

  • Analysts have been all about CYBR this week, and today, Wells Fargo upped its outlook on the shares to "outperform" from "market perform." While the stock does appear ready to capitalize on the upbeat brokerage note, it could run into trouble near the $60-to-$61 region. Not only is this overhead area home to a lofty accumulation of call open interest at the August 60 strike, but it roughly coincides with CYBR's 120-day moving average -- a trendline that has been exerting pressure on the stock in recent weeks. Additionally, the equity could meet additional headwinds, should short sellers continue to pile on. Short interest surged 26.1% in the last two reporting periods, but at Cyberark Software Ltd's average daily pace of trading, it would take less than two sessions to cover these bearish bets. Last night, the stock closed at $58.06 -- 24% below its June 18 all-time high of $76.35.

  • KMI is pointing to a higher start, after Goldman Sachs added the stock to its coveted "conviction buy" list. With crude panning multi-year lows, the oil-and-gas name  could certainly use a boost. Specifically, KMI has shed nearly 22% year-to-date -- and tagged an annual low of $31.09 on Aug. 6. Should the shares resume their longer-term trajectory, though, there's plenty of room for analysts to change their upbeat tune. In fact, 11 out of 13 brokerages maintain a "buy" or better rating on Kinder Morgan Inc, with not a single "sell" to be found. Plus, the average 12-month price target of $46.31 stands at a 28.4% premium to last night's close at $33.14 -- and rests in territory yet to be charted.

  • The $4 mark has served as a staunch ceiling for SIRI since October 2013. Barclays thinks the stock is ready to break out above this long-term layer of resistance, though, and upped its price target on the shares to $4.60 from $4. Last night, the security closed just shy of this area -- at $3.99, up 14% on the year. Option traders are also optimistic even more upside is on the horizon. At the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), Sirius XM Holdings Inc.'s 10-day call/put volume ratio of 40.28 rests in the 81st annual percentile. Simply stated, calls have been bought to open over puts at a faster-than-usual clip.

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