Analyst Upgrades: Walt Disney Co, Kinross Gold Corporation, and T-Mobile US Inc

Analysts upwardly revised their ratings and price targets on Walt Disney Co (NYSE:DIS), Kinross Gold Corporation (USA) (NYSE:KGC), and T-Mobile US Inc (NASDAQ:TMUS)

by Josh Selway

Published on Apr 18, 2016 at 9:15 AM

Analysts are weighing in on media conglomerate Walt Disney Co (NYSE:DIS), gold stock Kinross Gold Corporation (USA) (NYSE:KGC), and telecom stock T-Mobile US Inc (NASDAQ:TMUS). Here's a quick roundup of today's bullish brokerage notes on DIS, KGC, and TMUS.
  • DIS is edging higher in electronic trading, after Pivotal Research last night raised its outlook on the stock to "buy" from "hold," while increasing its price target to $121 from $104 -- just below the stock's all-time high of $122.08 from August. Also helping Walt Disney Co is news that the company's "The Jungle Book" brought in nearly $104 million in its opening weekend. DIS will now look to break out from the $96-$100 range that's contained the shares since early March, after settling at $98.59 on Friday. If the shares do break out, more bullish notes could be forthcoming, since the majority of analysts rate DIS a "hold" or "strong sell." 

  • After notching a notable milestone last weekKGC is looking to extend this momentum on the heels of a price-target hike to $5 from $4 at Barclays, which represents two-year-high territory. The 2016 rally in gold prices has helped the stock double in value year-to-date, last seen at $4.25. In the meantime, options bulls have been all over the gold stock. Specifically, 19.77 Kinross Gold Corporation calls have been bought to open for every put during the past 10 weeks at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) -- a ratio that arrives in the 87th annual percentile. 

  • At $39.29, TMUS has gained over 18% since hitting a year-to-date low of $33.23 in early February, thanks in part to support from a key trendline. Barclays is eyeing more gains for the stock, raising its price target to $49 from $45 -- though the analysts also raised their expectations for rivals Verizon Communications Inc. (NYSE:VZ) and AT&T Inc. (NYSE:T). If T-Mobile US Inc can keep its momentum on the charts, it could further benefit should short sellers throw in the towel. That is, almost 20 million TMUS shares are sold short, equaling a week's worth of buying power, at average daily volumes. 
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