Analyst Upgrades: Intuitive Surgical, Inc., Coach Inc, and Cree, Inc.

Analysts upwardly revised their ratings on Intuitive Surgical, Inc. (ISRG), Coach Inc (COH), and Cree, Inc. (CREE)

by Alex Eppstein

Published on Oct 21, 2015 at 9:08 AM

Analysts are weighing in on healthcare concern Intuitive Surgical, Inc. (NASDAQ:ISRG), fashion firm Coach Inc (NYSE:COH), and lighting specialist Cree, Inc. (NASDAQ:CREE). Here's a quick roundup of today's bullish brokerage notes on ISRG, COH, and CREE.

  • ISRG closed yesterday at $473.01, and on a 10.6% year-to-date deficit. However, the shares could make a run at their 2015 breakeven level today, up 8.1% pre-market after the company reported better-than-anticipated quarterly results -- sparking a round of bullish analyst attention. Specifically, J.P. Morgan Securities and Canaccord Genuity each raised their price target to $625. On the other hand, Leerink and Raymond James cut their price targets to $593 and $570, respectively. More generally, the brokerage bunch has been optimistic toward the stock. Two-thirds of analysts have doled out "buy" or better endorsements on Intuitive Surgical, Inc., and its consensus 12-month price target of $584.29 rests in two-year-high territory.
  • COH saw its rating upped to "equal weight" at Morgan Stanley, boosting the equity 1.2% in electronic trading. Shareholders are certainly desperate for gains, with the security down 20% in 2015 to rest at $30.06, and recently running into resistance at its descending 80-day moving average. Meanwhile, short sellers have set their sights on Coach Inc, with 8.1% of its float sold short -- eight days' worth of trading activity, at the stock's average volume. Looking ahead, the company will step up to the earnings plate next Tuesday morning.
  • CREE reported slightly better-than-expected fiscal first-quarter earnings and revenue last night, prompting Canaccord Genuity to lift its price target to $28 from $21. As such, the stock is 2.2% higher in pre-market trading, prepared to buck its longer-term downtrend -- year-over-year, Cree, Inc. has surrendered one-quarter of its value, closing yesterday at $24.91. Traders at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) have turned up the heat on the underperformer. CREE's 10-day put/call volume ratio across those exchanges of 1.79 rests just 5 percentage points from an annual high.
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