Analyst Upgrades: Godaddy Inc, SkyWest, Inc., and Monsanto Company

Analysts upwardly revised their ratings and price targets on Godaddy Inc (GDDY), SkyWest, Inc. (SKYW), and Monsanto Company (MON)

Jun 14, 2016 at 10:41 AM
facebook X logo linkedin

Analysts are weighing in on domain marketplace Godaddy Inc (NYSE:GDDY), airline stock SkyWest, Inc. (NASDAQ:SKYW), and agricultural stock Monsanto Company (NYSE:MON). Here's a quick roundup of today's bullish brokerage notes on GDDY, SKYW, and MON.

  • GDDY is up 0.2% at $32.51, after Raymond James initiated coverage of the stock with an "outperform" rating and a price target of $37. GDDY has added 36% since its February low, although it now faces familiar resistance in the $33-$34 range. Option buyers seem doubtful that this upward trend will continue, with Godaddy Inc's 50-day put/call volume ratio at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE) and NASDAQ OMX PHLX (PHLX) of 7.8 sitting in the 98th percentile of its annual range. 
  • SKYW is trading at $24.47, up 0.3%, after Raymond James raised its price target to $28 from $26. However, the brokerage firm wasn't as kind to other airline stocks. SkyWest, Inc. is up 70% year-over-year, and hit an eight-year peak of $25.36 on June 9. Four out of four analysts rate the stock a "buy" or better, although options buyers may be getting skeptical, with SKYW's 10-day ISE/CBOE/PHLX put/call volume ratio of 0.6 sitting in the 79th percentile of its annual range. Likewise, short interest is up 24% over the last two reporting periods.

  • MON is up 0.6% at $107.79, after UBS issued a price-target hike to $122 from $97. Continued buzz over a potential buyout from Bayer AG has propelled Monsanto Company higher over the last several months, and the stock on Friday came within a chip-shot of new annual highs. Even before today, MON had outperformed the greater S&P 500 Index (SPX) by 13 percentage points over the past 60 sessions. Options bulls have been betting big on the stock, with MON's 10-day ISE/CBOE/PHLX call/put volume ratio of 5.70 sitting higher than 86% of all other readings from the past 12 months.
Sign up now for Schaeffer's Opening View newsletter to get a head start on all the major pre-market news!

Unlock Weekend Profits with Chris Prybal's Favorite Strategy Up +487.5% in 2024

With the markets going left, right, and sideways, you need to have a plan now more than ever. 

Expert Trader Chris Prybal is no stranger to volatility, and has mastered finding big stock rallies while other traders aren't looking over the weekend. Rallies that produced gains like +207% on RTX calls, +236% on MARA calls, and +238% on NET calls.

A few simple moves on Sunday at 7pm could be the “Secret Sauce” your portfolio needs to not just stay afloat, but make unprecedented gains in this turbulent market.

Don’t sit on the sidelines, beat the market with Chris Prybal's strategy. Join him now!




Rainmaker Ads CGI