Analyst Upgrades: Cisco,, American Eagle Outfitters

Analysts upwardly revised their ratings and price targets on Cisco Systems, Inc. (NASDAQ:CSCO),, inc. (NYSE:CRM), and American Eagle Outfitters (NYSE:AEO)

May 19, 2016 at 9:27 AM
facebook X logo linkedin

Analysts are weighing in on tech stocks Cisco Systems, Inc. (NASDAQ:CSCO) and, inc. (NYSE:CRM), as well as retailer American Eagle Outfitters (NYSE:AEO). Here's a quick roundup of today's bullish brokerage notes on CSCO, CRM, and AEO.

  • CSCO is set to pop 5.1% out of the gate -- and move into the green on a year-to-date basis -- after the tech company's strong earnings report and upbeat current-quarter guidance was met with applause from analysts. Among those weighing in was Barclays, which boosted its price target to $31 from $29. Additionally, the brokerage firm said CSCO has been its "supertanker" pick, given "its strength as a 'picks-and-shovel' provider to the cloud." Leading up to last night's results, options traders were optimistic toward Cisco Systems, Inc., which closed at $26.72. This glass-half-full approach is evident elsewhere, too, with short interest accounting for less than 1% of CSCO's available float.

  • CRM also received a bevy of bullish brokerage attention, after the cloud company reported earnings above the consensus estimate and boosted its full-year forecast. Several analysts are projecting a move into triple-digit territory, including Credit Suisse, which upped its price target for, inc. to $115 from $100. Against this backdrop, CRM stock is 6.1% higher in electronic trading -- after closing at $77.87 last night -- and could take aim at its Nov. 19 record high of $82.90. Options traders, meanwhile, are more put-heavy than usual toward CRM. The stock's Schaeffer's put/call open interest ratio (SOIR) of 0.75 rests in the 86th annual percentile.

  • While a number of retail stocks have struggled this earnings season, AEO is set to jump 15.7% at the open -- and possibly log its best day in four years -- after the company posted better-than-expected first-quarter earnings. What's more, the stock received no fewer than three price-target hikes, with Cowen and Company -- which lowered its outlook earlier this week -- offering up the most optimistic target of $18. Stifel, meanwhile, cut its price target to $18 from $20. AEO could certainly use a boost on the charts, considering the shares have surrendered nearly 22% since hitting a March 21 year-to-date high of $17.13 to trade at $13.39. Today's projected price action could have some of the weaker bearish hands calling it quits. Short interest on American Eagle Outfitters edged up 2.9% in the most recent reporting period, and now accounts for more than 23% of the stock'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 calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI