Analyst Upgrades: AT&T, Zillow Group, Wynn Resorts

Analysts upwardly revised their ratings and price targets on AT&T Inc. (NYSE:T), Zillow Group, Inc. - Class C (NASDAQ:Z), and Wynn Resorts, Limited (NASDAQ:WYNN)

Mar 22, 2016 at 9:26 AM
facebook X logo linkedin


Analysts are weighing in on telecommunications stock AT&T Inc. (NYSE:T), real estate firm Zillow Group, Inc. - Class C (NASDAQ:Z), and casino concern Wynn Resorts, Limited (NASDAQ:WYNN). Here's a quick roundup of today's bullish brokerage notes on T, Z, and WYNN.

  • Deutsche Bank raised its price target on T to $41 from $40, representing expected upside of 5.3% to last night's close at $38.92. The stock has had a standout year -- amid a number of new partnerships for AT&T Inc. -- up 13.1%, and fresh off last Friday's seven-year high of $39.26. Option traders, meanwhile, have been initiating long puts over long calls at a rapid-fire rate in recent months. Specifically, T's 50-day International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) put/call volume ratio of 1.93 sits just 1 percentage point from a 52-week peak.

  • Z saw its rating boosted to "outperform" from "sector perform" and its price target raised to $34 from $21 at RBC, sending the shares up 5.4% in electronic trading. Today's projected pop could run into trouble near Z's 120-day moving average, however, considering this trendline put a quick halt to the stock's recent rebound off its Feb. 8 all-time low of $15.36. On the sentiment front, skepticism is steep. Short interest, for example, jumped 8.2% in the two most recent reporting periods, and now accounts form 21.5% of Zillow Group, Inc. - Class C's available float. It would take more than three weeks to cover these shorted shares, at Z's average daily pace of trading.

  • WYNN is up nearly 2% ahead of the opening bell, as analysts continue to wax optimistic on the shares. Specifically, Morgan Stanley raised its rating to "overweight" from "equal weight," with a $120 price target -- a 29% premium to Monday's settlement at $92.74, and territory not charted since before last April's bear gap. On the charts, Wynn Resorts, Limited has been soaring since hitting a six-year low of $49.95 on Jan. 14, up 86%. More upside could be had, too, should short short sellers keep jumping ship. Short interest fell 11.1% in the most recent reporting period, but still accounts for almost one-fifth of WYNN's available float.
Sign up now for Schaeffer's Opening View newsletter to get a head start on all the major pre-market news!
 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI