Analysts adjusted their ratings and price targets on Adobe Systems Incorporated (ADBE), Vail Resorts, Inc. (MTN), and Hyatt Hotels Corporation (H)
Analysts are weighing in today on software giant Adobe Systems Incorporated (NASDAQ:ADBE), lodging concern Vail Resorts, Inc. (NYSE:MTN), and hotelier Hyatt Hotels Corporation (NYSE:H). Here's a quick roundup of today's brokerage notes on ADBE, MTN, and H.
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After dipping out of the gate to a two-month low, ADBE has recovered to pick up 2.1% at $90.15. On top of the broad-market tailwinds, the stock is benefiting from a fresh "buy" rating at Dougherty Research, which set its price target at $114 -- well into all-time-high territory. Adobe Systems Incorporated was a technical success in 2015, but option traders have decided to array themselves in a seemingly bearish manner. Specifically, ADBE's Schaeffer's put/call open interest ratio (SOIR) stands at 1.14 -- higher than 88% of readings from the past year. In short, this tells us that short-term speculators are way more put-focused than normal.
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MTN is enjoying a 3.6% lead today at $122.63, after MKM Partners raised its opinion to "buy" from "neutral," while upping its price target to $135 from $125 -- record-high territory. What's more, Credit Suisse also chimed in, raising its price target by $5 to $140. This positive feedback comes after the company announced strong skier visits for the season. Among the other analysts on Wall Street, half say Vail Resorts, Inc. is a "strong buy," while the remaining four brokerage firms call it just a "hold." It's easy to side with the bulls in this case, if you're just looking at the charts. The stock's year-over-year lead has surpassed 38%, and it touched a record peak of $133.59 just last month.
- MKM Partners also weighed in on H, lowering its outlook to "sell" from "neutral," and cutting its price target to $37 from $59. This comes as the company wraps up its investigation into last month's malware attack. The shares have dropped 1.8% today at $39.19, though these types of losses have become all too common. Over the past two months, Hyatt Hotels Corporation has underperformed the S&P 500 Index (SPX) by over 15 percentage points. This may explain why short sellers are so interested in the stock. Roughly 24% of H's float is sold short, representing nearly nine days' worth of buying power, at normal daily volumes.
For other stocks in analysts' crosshairs, read
Analyst Upgrades: Chipotle Mexican Grill, Inc., Netflix, Inc., and Texas Instruments Incorporated and
Analyst Downgrades: Yelp Inc, Skyworks Solutions Inc, and Ambarella Inc.