Analyst Upgrades: El Pollo Loco, Akamai Technologies, GameStop

Analysts upwardly revised their ratings on El Pollo Loco Holdings Inc (NASDAQ:LOCO), Akamai Technologies, Inc. (NASDAQ:AKAM), and

Aug 28, 2015 at 9:07 AM
facebook twitter linkedin

Analysts are weighing in on chicken chain El Pollo Loco Holdings Inc (NASDAQ:LOCO), IT issue Akamai Technologies, Inc. (NASDAQ:AKAM), and video game retailer GameStop Corp. (NYSE:GME). Here's a quick roundup of today's bullish brokerage notes on LOCO, AKAM, and GME.

  • After closing last night at $12.62, LOCO is up 3% in electronic trading, thanks to an upgrade to "buy" from "hold" at Stifel. However, the shares remain 36.8% lower on the year, and more recently, have felt the heat from their descending 10-day moving average, which pressured the stock to an all-time low of $10.25 earlier this week . Against this backdrop, put buyers have been active in El Pollo Loco Holdings Inc's options pits. At the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), LOCO's 10-day put/call volume ratio of 0.75 ranks in the 64th annual percentile.

  • JMP Securities upped its outlook on AKAM to "outperform" from "market perform," sending the shares slightly higher ahead of the bell. On the charts, AKAM recently pulled back with the rest of the broader equities market, but found a foothold atop its 320-day moving average. However, a bounce from here was contained by the security's 160-day moving average -- a trendline that served as support on a handful of occasions this year. Analysts, meanwhile, remain optimistic, with 14 maintaining a "strong buy" recommendation toward Akamai Technologies, Inc., versus seven "holds," and not a single "sell." On Thursday, AKAM settled at $70.50.

  • Despite a strong showing in the earnings confessional and subsequent round of mostly upbeat analyst attention, GME is bracing for a 2.4% drop out of the gate. Specifically, the stock received price-target hikes from Ascendiant Capital (to $52), Baird (to $54), Wedbush (to $55), and SunTrust Robinson (to $60). (Benchmark, on the other hand, cut its rating to "sell" from "hold.") Overall, it's been a solid year for GameStop Corp., up 37% at $46.20 -- and fresh off an analyst-induced Aug. 14 annual high of $47.93. That said, today's projected price move should be well-received by short sellers. Short interest accounts for 43% of GME's available float, or 33 times the average daily trading volume.

Get the skinny on all the biggest stories of the morning… Sign up now to get Schaeffer's Midday Market Check delivered straight to your inbox!


Stop leaving money on the table with the same old broken options trading approach...

There is no options strategy that more perfectly capitalizes during earnings season better than this simple call and put buying strategy. Perfect for aggressive traders looking to recover their suffering portfolios so far in 2022. With the simplest possible options strategy, Schaeffer's team with 100+ years of options trading excellence, target 200% gains on every single trade. So many trades are being beaten down by the market, but don't be one of them! Don't waste another second... join us right now before the next trade is released! 

Schaeffer's Daily Bulletin Offer


Special Offers from Schaeffer's Trading Partners