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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)

Jul 14, 2016 at 1:06 PM
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Analysts are weighing in on tech stock Line Corp (ADR) (NYSE:LN), consumer goods specialist Procter & Gamble Co (NYSE:PG)โ€‹, 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.

 

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