Analyst Upgrades: Intel, Skyworks, Edwards Lifesciences

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

Feb 3, 2016 at 10:01 AM
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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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