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Analyst Upgrades: Oracle Corporation, AlarmCom Hldg Inc, and Emerge Energy Services LP

Analysts upwardly revised their ratings and price targets on Oracle Corporation (NYSE:ORCL), AlarmCom Hldg Inc (NASDAQ:ALRM), and Emerge Energy Services LP (NYSE:EMES)

Jun 24, 2016 at 10:16 AM
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Analysts are weighing in on software stock Oracle Corporation (NYSE:ORCL), home security specialist AlarmCom Hldg Inc (NASDAQ:ALRM), and oil-and-gas firm Emerge Energy Services LP (NYSE:EMES)Here's a quick roundup of today's bullish brokerage notes on ORCL, ALRM, and EMES.

  • ORCL has dropped 2.4% to trade at $39.85, amid the "Brexit"-inspired stock sell-off. However, the shares have found strong support in the form of their rising 100-day moving average. Elsewhere, Oracle Corporation received a fresh "outperform" endorsement from Cowen and a $46 price target, on top of a price-target increase to $51 from Jefferies -- both in annual-high territory. In the meantime, options traders are likely hoping to see a bounce. For instance, ORCL's Schaeffer's put/call open interest ratio (SOIR) of 0.71 is just 1 percentage point from a 12-month low
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  • ALRM is down 1.5% at $24.72, despite a price-target hike to $24 from $22 at Goldman Sachs. Most analysts already have an upbeat view of the stock, as two-thirds recommend buying it, and not a single one calls its a "sell." AlarmCom Hldg Inc has earned the bullish outlook by adding over 48% in 2016, and hit an all-time high of $25.41 yesterday due to a boost on the M&A front

  • EMES was last seen 12.6% higher at $12.99, thanks to news the company is selling its fuels business to Sunoco LP (NYSE:SUN) for $178.5 million -- a larger-than-expected sum. What's more, Seaport Global raised its rating to "buy" from "neutral," and Wunderlich upped its price target to $12 from $9. The red-hot stock has more than doubled in value since the end of May, and short sellers have been hitting the exits in the meantime. Specifically, short interest on Emerge Energy Services LP fell by 12.9% in the latest reporting period -- though roughly 11% of the stock's float remains sold short. 
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