Analyst Update: Expedia, Sunedison, Dollar General

Analysts adjusted their ratings and price targets on Expedia Inc (EXPE), Sunedison Semiconductor Ltd (SEMI), and Dollar General Corp. (DG)

by Kirra Fedyszyn

Published on Mar 10, 2016 at 1:59 PM
Updated on Jun 29, 2020 at 4:33 PM

Analysts are weighing in on travel firm Expedia Inc (NASDAQ:EXPE), chipmaker Sunedison Semiconductor Ltd (NASDAQ:SEMI), and discount retail stock Dollar General Corp. (NYSE:DG). Here's a quick roundup of today's brokerage notes on EXPE, SEMI, and DG.

  • EXPE is 3% higher at $108.89, after Piper Jaffray upgraded the stock to "overweight" and raised its price target to $140 from $130. Since hitting an annual low of $88.40 in early February, Expedia Inc has added 23% -- thanks in part to well-received guidance -- though it looks like it may be facing some resistance in the $111 to $112 region, home to the stock's mid-February highs. Short-term traders have been especially call-skewed. Specifically, EXPE's Schaeffer's put/call open interest ratio (SOIR) of 0.69 sits below 92% of all readings from the past year.
  • After a disappointing showing in the earnings confessional on Tuesday, SEMI was downgraded to "neutral" at Macquarie, while Deutsche Bank and Goldman Sachs gave the stock price-target hikes, to $10 and $7.30, respectively. Sunedison Semiconductor Ltd was last seen down 10.4% at $6.56, but has still roughly doubled from its Feb. 16 record low of $3.24. Short sellers have been upping the bearish ante since then, too, with short interest jumping 7% in the most recent reporting period.
  • DG is 7.8% higher at $81.10 -- and just off a new record high of $82.27 -- after reporting strong fourth-quarter earnings and raising its quarterly dividend by 14%. The stock received price-target increases from Deutsche Bank, J.P. Morgan Securities, and Sterne Agee CRT, ranging between $84 and $90 and all in never-before-seen territory. Dollar General Corp. has been on a strong uptrend since tagging an annual low of $59.75 in November, adding almost 36%. Bearish option traders could be sweating -- at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), DG's 50-day put/call volume ratio of 3.12 is in the 90th percentile of its annual range. A capitulation from this skeptical bunch could help fuel DG's fire.
For other stocks in analysts' crosshairs, read Analyst Upgrades: The Coca-Cola Co, Amedisys Inc, and Sunrun Inc and Analyst Downgrades: Freshpet Inc, Gulfport Energy Corporation, and Zafgen Inc.

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