Analyst Upgrades: Apple, AstraZeneca, Dicks Sporting Goods

Analysts upwardly revised their ratings and price targets on Apple Inc. (AAPL), AstraZeneca plc (ADR) (AZN), and Dicks Sporting Goods Inc (DKS)

Jun 28, 2016 at 10:12 AM
facebook X logo linkedin

Analysts are weighing in on tech titan Apple Inc. (NASDAQ:AAPL), biotech stock AstraZeneca plc (ADR) (NYSE:AZN), and retailer Dicks Sporting Goods Inc (NYSE:DKS). Here's a quick roundup of today's bullish brokerage notes on AAPL, AZN, and DKS.

  • AAPL is up 1% at $92.94, as the broader equities market bounces back following the "Brexit" bloodbath, and after Cowen and Company reiterated its "outperform" rating (subscription required), saying now could be an opportune time to buy AAPL ahead of a potential iPhone upgrade "super cycle." AAPL shares have lost over a quarter of their value within the past year, embarking on a string of lower highs and lows. Short interest is up 78.9% over the last reporting period, and AAPL's 50-day put/call volume ratio at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) of 0.74 sits higher than 99% of all other readings from the past year, showing an influx of bearish sentiment in recent weeks. However, analysts seem to believe in an Apple Inc. comeback, with 25 of 31 analysts rating AAPL a "buy" or better. Should AAPL extend its journey lower, or should September's event disappoint, a blowback of bearish analyst attention could incite more selling pressure.
  • AZN is up 2.3% at $28.60, after its antibiotic Zavicefta was approved for use by the European Union (EU). Goldman Sachs and RBC have hiked their price targets to 4000 pence to 3700 pence (or approximately to $53.36 from $49.36), respectively. U.K.-based AZN has had a rough go of late, with the shares down nearly 16% year-to-date, touching a two-year low earlier this month. However, AstraZeneca plc (ADR)'s 50-day ISE/CBOE/PHLX call/put volume ratio of 2.15 sits in the 84th percentile of its annual range, suggesting optimism among option players
  • DKS ​is trading at $41.99, up 4.8%, after Goldman Sachs added DKS to the "Conviction Buy" list, saying the retailer is "best positioned to benefit from store closures of its largest competitor, The Sports Authority." Dicks Sporting Goods Inc is up 18% year-to-date, although the shares are staring up at resistance from their formerly supportive 200-day moving average. Meanwhile, skepticism in the options pits is at a 52-week high; DKS' 10-day ISE/CBOE/PHLX put/call volume ratio of 19.54 indicates that nearly 20 puts have been bought to open for every call during the past two weeks. 
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