Analyst Update:, Inc., Alibaba Group Holding Ltd, and Mattel, Inc.

Analysts revised their ratings and price targets on, Inc. (AMZN), Alibaba Group Holding Ltd (BABA), and Mattel, Inc. (MAT)

Jul 21, 2016 at 2:17 PM
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Analysts are weighing in on e-tailers, Inc. (NASDAQ:AMZN) and Alibaba Group Holding Ltd (NYSE:BABA), as well as toy stock Mattel, Inc. (NASDAQ:MAT)Here's a quick roundup of today's brokerage notes on AMZN, BABA, and MAT.

  • BABA is off 0.7% at $83.81, despite a price-target hike to $114 from $100 at Credit Suisse. Since bottoming in February, though, the shares have been red-hot -- tacking on over 41%, and recently conquering the $82-$83 area. In fact, the stock yesterday notched its highest daily finish since late December. As a result, Alibaba Group Holding Ltd short sellers may be getting ready to abandon ship, which could add to the momentum. About 9% of the stock's float is sold short, representing over eight days' worth of pent-up buying power, at BABA's typical trading levels.
  • Despite a narrower-than-forecast quarterly loss, as well as price-targets hikes to $36 at Jefferies and MKM Partners, MAT is down 1.5% at $32.34 -- not unlike this fellow toy maker's earnings reaction. Yet, on a year-to-date basis, the stock is up a market-beating 19%. In the options pits, short-term traders are fairly call-skewed at the moment. Mattel, Inc.'s Schaeffer's put/call open interest ratio (SOIR) weighs in at 0.69 -- below 71% of all other readings taken in the past year.
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