Analyst Upgrades: Amazon, Chevron, Potash Corp of Saskatchewan

Analysts upwardly revised their ratings on, Inc. (NASDAQ:AMZN), Chevron Corporation (NYSE:CVX), and Potash Corporation of Saskatchewan (USA) (NYSE:POT)

Dec 15, 2015 at 8:57 AM
facebook twitter linkedin

Analysts are weighing in on e-commerce giant, Inc. (NASDAQ:AMZN), energy issue Chevron Corporation (NYSE:CVX), and fertilizer firm Potash Corporation of Saskatchewan (USA) (NYSE:POT). Here's a quick roundup of today's bullish brokerage notes on AMZN, CVX, and POT. 

  • MKM Partners initiated coverage on AMZN with a "buy" rating and an $800 price target, lifting the stock 1.1% in pre-market trading. It's been a banner year for the shares, which have more than doubled in value to rest at $657.91, and earlier this month touched a record peak of $684.82. Not surprisingly, analysts have been piling on, Inc.'s bullish bandwagon. Of the 29 brokerage firms tracking the stock, 24 have handed out a "buy" or better opinion, with not a single "sell" rating in sight.
  • CVX is a different story on the charts, losing one-fifth of its value in 2015 to trade at $89.33 amid crude oil's collapse. Nonetheless, the shares are 0.8% higher in electronic trading, with oil futures rebounding and after Cowen and Company lifted its price target to $122 from $95 -- overshadowing a $3 price-target cut to $91 at J.P. Morgan Securities. Elsewhere, option traders have blazed a decisively bearish path toward Chevron Corporation. At the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the equity has racked up a 10-day put/call volume ratio of 2.18 -- just 9 percentage points from a 12-month high.
  • POT is up 0.9% ahead of the bell, following an upgrade to "buy" from "hold" at HSBC -- though the brokerage firm also slashed its price target to $21.75 from $24.50. The shares could use a boost, as they've tanked 17% in December to trade at $16.76, and just yesterday panned a seven-year low of $16.65. As such, the majority of the brokerage crowd is against Potash Corporation of Saskatchewan. Specifically, two-thirds of covering analysts have doled out a "hold" or worse recommendation.
Sign up now for Schaeffer's Opening View newsletter to get a head start on all the major pre-market news!

If you are not making money with options, you aren’t buying options like this…

There is no options strategy that more perfectly approaches trading the fastest moving and most volatile stocks available in the marketplace than this one. In fact, there is no strategy that better utilizes put options for optimal returns and a real trading edge over other traders in the exact same market. New options traders fail out at an incredible rate without proper trade research, execution timing, and option picking. Capitalize on Schaeffer’s 100+ years of options trading excellence with the most coveted product launch in company history. Don't waste another second... join us right now before the next round of trades are released!



Special Offers from Schaeffer's Trading Partners