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

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.