Q2 STOCKS TO BUY

Analyst Update: SUPERVALU, Freeport-McMoRan, AeroVironment

Analysts adjusted their ratings on SUPERVALU INC. (SVU), Freeport-McMoRan Inc (FCX), and AeroVironment, Inc. (AVAV)

Sep 14, 2015 at 12:44 PM
facebook X logo linkedin


Analysts chimed in on wholesale distributor SUPERVALU INC. (NYSE:SVU), commodity company Freeport-McMoRan Inc (NYSE:FCX), and aeronautics contractor AeroVironment, Inc. (NASDAQ:AVAV). Here's a quick roundup of today's brokerage notes on SVU, FCX, and AVAV.

  • SVU is 2.7% higher at $8.06, after receiving some positive coverage in Barron's. The magazine noted that SUPERVALU INC. has "cut costs, reduced its debt, shaken up management, and sold all of the Albertsons stores it acquired in 2006." In fact, Barron's believes that SVU shares -- like Apple Inc. (NASDAQ:AAPL) -- can jump 50% if the company decides to spin off its Save-A-Lot grocery chain. Option players are also seemingly optimistic on SVU, as its 50-day call/put volume ratio of 11.88 on the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) is higher than 78% of the readings taken during the past 52 weeks. In other words, buyers have picked up SVU calls over puts at a faster-than-usual clip during the past 10 weeks.
  • Jefferies issued a number of price-target cuts this morning, and FCX couldn't dodge the bullet, with the brokerage firm slicing its target to $17. Freeport-McMoRan Inc has traded on both sides of breakeven today, but was last seen 1% lower at $11.29. What's more, FCX has seen copper prices slide recently thanks to economic news from China. There is still some room for more analysts to turn bearish, as eight of the 12 brokerages tracking FCX rate it a "buy" or better, despite the stock's year-to-date loss of more than 50%. 
  • AVAV is 1.8% higher at $20.81, after Piper Jaffray raised stock to "overweight" from "neutral," and implemented a price target of $28. The analyst added that AeroVironment, Inc."looks cheap," and said he expects the drone market to hit an "inflection." Technically, the stock has shed 50% from its April 2014 peak of $41.67, and just hit a two-year low of $20.13 last week. As such, it's not surprising to find short interest represents nearly eight sessions' worth of pent-up buying demand, at AVAV's average pace of trading.
For other stocks in analysts' crosshairs, read Analyst Upgrades: Apple Inc., Vertex Pharmaceucitals Incorporated, and Exelon Corporation and Analyst Downgrades: Alibaba Group Holding Ltd, Marvell Technology Group Ltd., and Silver Wheaton Corp.
 
 

“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