Analyst Upgrades: Yelp Inc, Wendys Co, and Toll Brothers Inc

Analysts upwardly revised their ratings on Yelp Inc (NYSE:YELP), Wendys Co (NASDAQ:WEN), and Toll Brothers Inc (NYSE:TOL)

Nov 13, 2015 at 9:22 AM
facebook X logo linkedin


Analysts are weighing in on online review site Yelp Inc (NYSE:YELP), fast-food joint Wendys Co (NASDAQ:WEN), and homebuilder Toll Brothers Inc (NYSE:TOL). Here's a quick roundup of today's bullish brokerage notes on YELP, WEN, and TOL.

  • RBC raised its opinion on YELP to "outperform" from "sector perform," and bumped its price target to $42 from $34, while Citigroup raised its price target by $2 to $30. The shares could use the help, too. At $25.90, they've dropped over 50% year-to-date -- but poised to pop 4.3% at the open, they now have a chance to close above their 100-day moving average for the first time since early June. If Yelp Inc is able to make some headway on the charts, other analysts could change their bearish stances. Currently, 22 of 29 brokerage firms say the equity is a "hold" or worse. 
  • WEN was added to Citigroup's "Focus List," and now the stock will look to add to its 6.6% year-to-date lead, settling at $9.63 on Thursday. It's an interesting place for the shares, as they closed a hair above their 100-day trendline yesterday for just the third time since early July. Option traders are betting on a breakout. At the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), Wendys Co's 10-day call/put volume ratio comes in at a top-heavy 10.38. Not only does this mean over 10 calls have been bought to open for each put during the past two weeks, but this ratio also stands higher than three-fourths of all others from the past year. 
  • It's been a ho-hum past few months for TOL. The shares have been spinning mostly between $34 and $37 since late August, closing Thursday at $35.56 -- 3.8% higher in 2015. J.P. Morgan Securities hasn't been deterred, though, raising its rating on the stock to "overweight" from "neutral," and upping its price target to $45 from $41.50 -- in 10-year-high territory. Overall, Wall Street is split on Toll Brothers Inc, with six analysts deeming it a "buy" or better, and seven others calling it a "hold" or "strong sell." In another area, bears have been hitting the exits recently. Specifically, short interest on TOL decreased by 14.4% during the two most recent reporting periods, and now sits near multi-year lows. 
Sign up now for Schaeffer's Opening View newsletter to get a head start on all the major pre-market news!
 

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