Analyst Upgrades: Eli Lilly and Co, Boston Scientific Corporation, and Exxon Mobil Corporation

Analysts upwardly revised their ratings on Eli Lilly and Co (NYSE:LLY), Boston Scientific Corporation (NYSE:BSX), and Exxon Mobil Corporation (NYSE:XOM)

Nov 12, 2015 at 9:23 AM
facebook X logo linkedin


Analysts are weighing in on drugmaker Eli Lilly and Co (NYSE:LLY), medical device manufacturer Boston Scientific Corporation (NYSE:BSX), and energy giant Exxon Mobil Corporation (NYSE:XOM). Here's a quick roundup of today's bullish brokerage notes on LLY, BSX, and XOM.

  • LLY is slightly higher ahead of the open, after Leerink raised its price target on the stock to $93 from $90 -- right above LLY's 14-year high of $92.85 from mid-September. The shares settled at $80.70 on Wednesday, up 17% on the year, but it appears Eli Lilly and Co option traders are positioning themselves for a downside move. The equity's 10-day put/call volume ratio at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) stands at 1.86, outranking 94% of all readings from the past year. If some of these bearish traders start to hit the exits, it could spark an upward move for LLY
  • BSX fell 4.2% on Wednesday to close at $18.01, after the U.S. Centers for Medicare and Medicaid Services proposed limited coverage reimbursement for one of the company's heart devices. Regardless, Citigroup started coverage on the stock with a "buy" opinion this morning, and gave it a $23 price target -- territory not charted in nearly a decade. Boston Scientific Corporation is an outperformer, though, picking up almost 36% in 2015. As a result, option traders have targeted calls over puts. BSX's Schaeffer's put/call open interest ratio (SOIR) stands at 0.51, ranking in the 34th annual percentile. In other words, short-term speculators are more call-skewed than normal. 
  • Wednesday's session was tough on oil stocks, and today may not be better amid the commodity's extended slide, as XOM is pointed 1.3% lower in electronic trading, despite a $7 price-target hike to $86 at HSBC. At $81.62, the shares are back below their 20-day moving average, a level that applied pressure earlier in 2015. In the meantime, option traders have changed their previously bullish tune. Exxon Mobil Corporation's 10-day put/call volume ratio at the ISE, CBOE, and PHLX is now 2.93 -- higher than 85% of all similar readings from the past 12 months. 
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!
 

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 C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI