Q2 STOCKS TO BUY

Analyst Upgrades: eBay, Lululemon Athletica, Lannett

Analysts upwardly revised their ratings on eBay Inc (EBAY), Lululemon Athletica inc. (LULU), and Lannett Company, Inc. (LCI)

Sep 3, 2015 at 9:09 AM
facebook X logo linkedin


Analysts are weighing in today on online auction house eBay Inc (NASDAQ:EBAY), yoga apparel seller Lululemon Athletica inc. (NASDAQ:LULU), and drugmaker Lannett Company, Inc. (NYSE:LCI). Here's a quick roundup of today's bullish brokerage notes on EBAY, LULU, and LCI.

  • EBAY saw its rating boosted to "neutral" from "underweight" at Piper Jaffray -- though the firm also slashed its price target to $30 from $50. The stock has shown well on the charts, adding nearly 14% in 2015 to trade at $26.87, thanks to a sharp bounce off its 140-week moving average last week. However, there are plenty of skeptics in eBay Inc's options pits. During the last 10 days at the International Securities Excahnge (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the equity has racked up a put/call volume ratio of 0.78 -- in the 82nd annual percentile. Ahead of the bell, EBAY is pointed 1.6% higher.

  • LULU is poised to pop 1.1% at the open, after being added to Wedbush's "Best Ideas" list. Today's expected gains are par for the course, considering Lululemon Athletica inc. has rallied over 17% year-to-date at $65.36 -- and was one of the few names to successfully dodge August's bearish bullet. There's plenty of cash on the sideline, too, which could help usher the shares higher. Specifically, 19% of the stock's float is sold short, representing almost 14 days' worth of pent-up buying power, at LULU's typical trading rate. What's more, over half of the analysts tracking the outperformer still consider it a "hold" or worse, potentially paving the way for future upgrades.

  • LCI is on fire in electronic trading, after the company agreed to buy Kremers Urban Pharmaceuticals Inc. from Belgium-based UCB, and received a pair of bullish brokerage notes. Specifically, Craig-Hallum and Roth raised their respective price targets to $72 and $68, sending LCI shares up more than 16% pre-market. This represents a break from the equity's technical trajectory of late. Since hitting its most recent high of $62.90 in mid-July, Lannett Company, Inc. has dropped 21.3% to rest at $49.48. Meanwhile, short interest has been on the rise -- spiking nearly 40% during the two most recent reporting periods, and now representing 29% of the stock's total float. At LCI's typical volumes, it would take 11.3 days to cover these bearish bets -- which could start happening today, with the shares set to spike.

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!

 
 

“Buy This Stock Now!” - Expert Who Called 11x On TSLA

He called a rare 11x on Tesla…

But now, thanks to Elon & Trump’s new alliance…

He says there’s a new opportunity that could be 1,000x BIGGER than Tesla – and it could completely revolutionize a $23 Trillion market.

It’s trading for less than $5 per share right now…

But it won’t be under the radar for long.

Discover The 1,000x Bigger Elon Opportunity Here

GRAND SLAM COUNTDOWN

 
 

Featured Articles from Trusted Partners:

👀Learn How Dividends Create Passive Income for Life
Receive $200 Off Motley Fool Epic. The Motley Fool Epic $299 discounted offer is based on $499/year list price. Introductory promotion for new members only. Take control of your money and your portfolio with Motley Fool Epic.

💵New Income System Could Pay You $4,243 Monthly
You could collect an average of $4,243 per month starting as early as next week with a new payout system for income investors. New registrations are being accepted for investors who want to be in a position to start with their first payout next week.

🚀Easy 92% Crypto Dividends (No Coins Required)
COIN stock doesn't pay a dividend... But there's actually a new way to collect a massive dividend that's indirectly based on the stock and offers a terrific monthly income (currently yielding nearly 92% on a forward basis).

🤝Free Advisor Match with Wiseradvisor.com
Don't leave your retirement to chance! Get matched with a trusted financial expert for FREE and make the most of your tax refund. Get started now.

⚠️Dennis Quaid's #1 Warning for Americans
Here's the thing: life doesn't come with guarantees. The economy shifts, markets stumble, and years of hard work could slip through your fingers like sand. But it doesn't have to be that way for you. So request a free copy of this Gold & Silver Guide that will arrive right to your doorstep when you act now.

 

 
 

Follow us on X, Follow us on Twitter