Analyst Upgrades: Microsoft, Boyd Gaming, Sunedison

Analysts upwardly revised their ratings on Microsoft Corporation (MSFT), Boyd Gaming Corporation (BYD), and Sunedison Inc (SUNE)

Jan 8, 2016 at 9:25 AM
facebook X logo linkedin


Analysts are weighing in on tech titan Microsoft Corporation (NASDAQ:MSFT), casino interest Boyd Gaming Corporation (NYSE:BYD), and solar energy concern Sunedison Inc (NYSE:SUNE). Here's a quick roundup of today's bullish brokerage notes on MSFT, BYD, and SUNE.

  • MSFT is pointed 1.2% higher ahead of the bell, after falling to a close of $52.17 on Thursday. BMO began coverage on Microsoft Corporation with an "outperform" rating and $64 price target, lauding the company's move to cloud-based services, and adding to the 71% of analysts currently giving the stock a "buy" rating or better. Microsoft is reportedly testing a "Microsoft SIM card," which would allow users of Windows phones to connect to mobile networks contract-free. The stock hit a near 15-year high of $56.86 in late December, shortly after Barron's praised MSFT's prospects. Option traders have been unsurprisingly optimistic -- at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the equity's 50-day call/put volume ratio of 2.29 ranks higher than 78% of the past year's readings.
  • An upgrade to "overweight" from "neutral" at J. P. Morgan Securities has BYD set to pop 1.9%, after closing at $17.78 on Thursday. The brokerage also raised its price target on Boyd Gaming Corporation to $22 from $20. The stock has been trending higher for more than a year, adding 55% in 2015. Still, eight out of 10 analysts say BYD is only a "hold," leaving plenty of room for future upgrades. There's plenty of buying power on the sidelines, too -- the 13.8% of the security's available float currently sold short would take more than a week to buy back, at BYD's average pace of trading.
  • After finishing a brutal Thursday down nearly 40% at $3.34, SUNE is set to rebound today, up 11.1% ahead of the open, after Axiom Securities upgraded the stock to "hold" from "sell." Sunedison Inc announced new financial moves yesterday, sending shareholders running for the exits. The stock plummeted from July to mid-November, but seemed to be on the mend until yesterday's spiral. And while 10 out of 15 analysts call SUNE a "buy," more than 45% of SUNE's available float is still sold short. And option traders have been especially bearish; the stock's 10-day put/call volume ratio on the ISE, CBOE, and PHLX is 1.07 -- higher than 88% of all readings in the last 12 months.
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