Analyst Upgrades: Intel Corporation, Skyworks Solutions Inc, and Edwards Lifesciences Corp

Analysts upwardly revised their ratings and price targets on Intel Corporation (INTC), Skyworks Solutions Inc (SWKS), and Edwards Lifesciences Corp (EW)

by Alex Eppstein

Published on Feb 3, 2016 at 10:01 AM

Analysts are weighing in on chipmakers Intel Corporation (NASDAQ:INTC) and Skyworks Solutions Inc (NASDAQ:SWKS), as well as healthcare issue Edwards Lifesciences Corp (NYSE:EW). Here's a quick roundup of today's bullish brokerage notes on INTC, SWKS, and EW.

  • INTC saw its rating boosted to "neutral" from "sell" at Goldman Sachs, though the brokerage also cut its price target to $25 from $31. The latter move was echoed by Citigroup, which lowered its price target to $31 from $34. In early action, the stock is off 1.5% at $29.10, bringing its year-to-date deficit to 15.5%. Traders at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) are apparently counting on a rebound for Intel Corporation. During the past 10 weeks across those exchanges, the shares have racked up a call/put volume ratio of 1.40 -- just 10 percentage points from an annual peak.

  • SWKS has shot 3.1% higher at $68.56, after Goldman Sachs bumped its rating on the shares to "buy" from "neutral." This morning's gains represent a technical respite for a stock that's been beaten down over the long haul, down 39% from its all-time high of $112.88 in mid-June. Amid this consistent downtrend, option bears have been upping the ante on Skyworks Solutions Inc at the ISE, CBOE, and PHLX. Specifically, SWKS' 10-day put/call volume ratio of 0.87 outstrips 78% of all other readings taken in the past year.

  • EW is basking in the limelight today, after the company reported an earnings beat and raised its full-year profit guidance. What's more, no fewer than seven analysts lifted their price targets on the stock, with UBS setting the bar highest at $109. As such, Edwards Lifesciences Corp has surged 6.8% to hover near $82.17, and could make a run at its record high of $83.44 from late November. Option traders certainly hope the shares can sustain their upward momentum. EW's 50-day ISE/CBOE/PHLX call/put volume ratio of 3.84 rests just 7 percentage points from a 52-week peak, indicating traders have bought to open calls over puts at a near-annual-high clip.
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