Analyst Update: Line Corp, Procter & Gamble Co, and American Airlines Group Inc

Analysts revised their ratings and price targets on Line Corp (ADR) (LN), Procter & Gamble Co (PG), and American Airlines Group Inc (AAL)

by Kirra Fedyszyn

Published on Jul 14, 2016 at 1:06 PM

Analysts are weighing in on tech stock Line Corp (ADR) (NYSE:LN), consumer goods specialist Procter & Gamble Co (NYSE:PG)​, and airline American Airlines Group Inc (NASDAQ:AAL)Here's a quick roundup of today's brokerage notes on LN, PG, and AAL.

  • PG received an upgrade to "buy" from "neutral" at UBS, which also raised its price target on the stock to $96 from $85 -- representing record-high territory. As such, the shares are up 0.1% at $85.96, and fresh off a 52-week peak of $86.89. The stock has been on a fairly solid uptrend since hitting a three-year low last August, with recent pullbacks contained by PG's 140-day moving average. Meanwhile, if history is any guide, the shares could be in for bigger gains through the end of the year. While more than half of analysts providing coverage rate Procter & Gamble Co a "buy" or better, options trader seem to be taking a more cautious approach. The stock's 10-day put/call volume ratio of 1.39 at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) sits higher than over two-thirds of all readings in the last 12 months.
  • Well-received earnings for a sector peer are helping to boost AAL 3.8% to $35.77, as is a price-target hike to $29 from $28 at Credit Suisse. American Airlines Group Inc is preparing to report its own quarterly earnings next Friday, and in the meantime, option bulls are likely cheering the stock's recent performance. Specifically, the shares have added 44% since hitting a two-year low of $24.85 in the late-June post-"Brexit" sell-off, and are attempting to close north of their 100-day moving average for the first time since late April. Optimistic traders have purchased nearly five AAL calls for each put during the last 10 sessions, according to the stock's 10-day ISE/CBOE/PHLX call/put volume ratio of 4.70 -- in the 84th percentile of its annual range.

For other stocks in analysts' crosshairs, read Analyst Upgrades: Delta Air Lines, Inc., Goldcorp Inc., and Yum! Brands, Inc. and Analyst Downgrades: Brocade Communications Systems, Teva Pharmaceutical Industries Ltd, and Wynn Resorts.


A Schaeffer's exclusive

6 Sectors for Summer

Access your FREE insider report before it's too late!


  
 

Partnercenter


NEW! Explore Schaeffer’s Partners' deals and get connected to top online brokerages with deals tailored exclusively for our readers.  Get answers to your questions regarding transfer fees, commission rates, programs and available discounts related to online trading services.

MORE | MARKETstories


Research Exposes Shortcut to Stock Market Wins
A simple way to stop picking losers, and start cashing in like Wall Street's elite.
Google Postpones Android Reveal, "Now is Not the Time to Celebrate"
"Now is not the time to celebrate," Google said in a message on its website
ZNGA Zooms to 8-Year High on Billion-Dollar Deal
ZNGA is planning to buy Peak for $1.8 billion
Huge New Legal Marijuana Market Has Shortage Crisis
250 million Europeans have access to medical marijuana. There's already a shortage....