Analyst Update: Vail Resorts, Inc., Charles Schwab Corp, and Dynegy Inc.

Analysts revised their ratings and price targets on Vail Resorts, Inc. (MTN), Charles Schwab Corp (SCHW), and Dynegy Inc. (DYN)

by Josh Selway

Published on Jun 10, 2016 at 3:03 PM

Analysts are weighing in on lodging company Vail Resorts, Inc. (NYSE:MTN), financial stock Charles Schwab Corp (NYSE:SCHW), and utilities concern Dynegy Inc. (NYSE:DYN)Here's a quick roundup of today's brokerage notes on MTN, SCHW, and DYN.

  • MTN is up 2.3% at $142.54 -- earlier hitting an all-time high of $143.09 -- representing its second straight session of big gains after the company yesterday posted better-than-expected earnings and raised its full-year outlook. Helping the shares higher today, MKM Partners and Janney raised their price targets to $150 and $153, respectively. Vail Resorts, Inc. has now added almost 35% year-over-year, and options traders are likely kicking rocks. Specifically, MTN's 50-day put/call volume ratio at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) currently sits at 2.78 and in the 78th percentile of its annual range, suggesting a stronger-than-usual bearish bias among speculators.
  • SCHW received a price-target hike to $33 from $32 at CLSA. Nonetheless, the stock is down 2.8% at $28.29 amid broader financial sector headwinds. Moreover, Charles Schwab Corp has dropped over 14% in 2016, and appears to be losing support at its 60-day moving average. More losses could be in store, too, if analysts become more bearish. For instance, seven of the 12 brokerage firms that cover SCHW recommend buying it, with not a single "sell" on the books. 
  • DYN is down 10.1% at $18.65, following news the company will move most of its Hennepin Power Station's energy and capacity to the PJM System Operator market from the Midwest Independent System Operator. What's more, Citigroup cut its opinion to "neutral" -- though it also raised its price target to $21. Longer term, Dynegy Inc. has been performing well on the charts this year, more than doubling in value since falling to an all-time low of $7.20 in February. It looks like these gains were enough to shoo away short sellers, with short interest falling by 22% over the past two reporting periods. On a related note, DYN is short-sale restricted this afternoon.

For other stocks in analysts' crosshairs, read Analyst Upgrades: Amazon.com, Inc., Cliffs Natural Resources Inc, and JinkoSolar Holding Co., Ltd. and Analyst Downgrades: Mattress Firm Holding Corp, Urban Outfitters, Inc., and Gilead Sciences, Inc.


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