Analyst Update: Energy Focus, AutoZone, PVH Corp

Analysts adjusted their ratings on Energy Focus Inc (NASDAQ:EFOI), AutoZone, Inc. (NYSE:AZO), and PVH Corp (NYSE:PVH)

Aug 27, 2015 at 1:56 PM
facebook X logo linkedin

Analysts chimed in on lighting specialist Energy Focus Inc (NASDAQ:EFOI), auto parts retailer AutoZone, Inc. (NYSE:AZO), and clothing company PVH Corp (NYSE:PVH). Here's a quick roundup of today's brokerage notes on EFOI, AZO, and PVH.

  • EFOI hit a five-year high of $22.47 around lunchtime, and was last seen up 11.8% at $20.80. Stoking this burst of buying power is a bullish write-up in the Wall Street Observor, which tapped Energy Focus Inc as a firm with high earnings per share growth. Today's gap higher is nothing new for the stock, which has more than quadrupled year-to-date. While only two analysts currently follow EFOI, they both maintain a "strong buy" recommendation. Meanwhile, the average 12-month price target of $20.50 is roughly in line with current trading levels. Going forward, a fresh round of upbeat analyst initiations and/or price-target hikes could add fuel to the security's fire.

  • BofA-Merrill Lynch added AZO to its "best ideas list," while upgrading the stock to "buy" from "neutral." Specifically, the brokerage firm cited lower gas prices -- as crude oil lingers near six-year lows -- and an improving employment picture as the catalyst. As a result, AZO has jumped 3.8% this afternoon to $733.25, widening its year-over-year advance to 36%. What's more, the shares are within a chip-shot of taking out their record peak of $754.90, tagged on Aug. 19. More upside could be in store, should short sellers start cashing in their losing bets. Short interest accounts for a healthy 7.2% of AutoZone, Inc.'s available float, representing 11.3 days' worth of pent-up buying demand.

  • PVH has surged 6.5% this afternoon to $118.64, after the company's strong earnings report and upwardly revised guidance was met with a price-target boost to $134 from $131 at Credit Suisse -- territory not charted since January 2014. (J.P. Morgan Securities, meanwhile, lowered its price target to $126 from $129.) Today's pop is much needed for a security that was down 13% year-to-date heading into today's session, and had been struggling near its 320-day moving average since early January. Option traders, it seems, had been bracing for a post-earnings plunge. At the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), PVH Corp's 50-day put/call volume ratio of 1.58 sits higher than all other comparable readings taken in the past year. In other words, puts have been bought to open over calls at an annual-high clip.
For other stocks in analysts' crosshairs, read Analyst Upgrades:, Inc., SolarCity Corp, and Yelp Inc and Analyst Downgrades: Abbott Laboratories, Workday Inc, and Avago Technologies Ltd.

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI