Analysts adjusted their ratings and price targets on LSB Industries, Inc. (LXU), Advaxis, Inc. (ADXS), and Everyday Health Inc (EVDY)
Analysts are weighing in on agricultural manufacturer
LSB Industries, Inc. (NYSE:LXU), biotech Advaxis, Inc. (NASDAQ:ADXS), and health-and-wellness media stock Everyday Health Inc (NYSE:EVDY). Here's a quick roundup of today's brokerage notes on LXU, ADXS, and EVDY.
- LXU has exploded for a 28.7% gain to trade at $9.11, after Feltl & Co. upgraded the stock to "buy." Although the shares have been rallying since the firm reported earnings Monday night -- and are on pace to close north of their 100-day moving average for the first time since last July -- they've still lost more than three-fourths of their value compared to a year ago. Short sellers are hoping this long-term trend prevails. Specifically, over 19% of LSB Industries, Inc.'s float is sold short, and it'd take these bears well over a week to buy back their bets, at LXU's average daily volumes.
- ADXS is also booming today, picking up 26.6% at $7.46, on news that data on the company's lead drug will be presented at the American Association for Cancer Research (AACR) meeting. Only items "deemed to be of high scientific priority" are chosen for the "late-breaker" presentations, according to AACR's selection protocol. Meanwhile, H.C. Wainwright lowered its price target on the stock to $23 from $30. However, the brokerage kept Advaxis, Inc.'s flawless analyst record in tact; all six analysts covering the stock say it's a "strong buy."
- EVDY rounds out the winners with a 20.7% lead at $5.63. The company's fourth-quarter earnings beat provided the catalyst -- while Cowen and Company called EVDY's guidance "better than some may have expected -- but Leerink remains unconvinced, lowering its price target by $3 to $12. On the charts, Everyday Health Inc has been dreadful, shedding nearly three-fifths of its value over the past 52 weeks. Short sellers think there are more losses ahead, though, with short interest jumping almost 8% during the most recent reporting period.
For other stocks in analysts' crosshairs, read
Analyst Upgrades: Amazon.com, Inc., Ross Stores, Inc., and Yamana Gold Inc. and Analyst Downgrades: American Water Works Company Inc, Boeing Co, and Valeant Pharmaceuticals Intl Inc.