Analyst Upgrades: CF Industries, Square, Tableau Software

Analysts upwardly revised their ratings and price targets on CF Industries Holdings, Inc. (CF), Square Inc (SQ), and Tableau Software Inc (DATA)

Aug 23, 2016 at 9:14 AM
facebook X logo linkedin

Analysts are weighing in on fertilizer firm CF Industries Holdings, Inc. (NYSE:CF), payment processing specialist Square Inc (NYSE:SQ), and tech stock Tableau Software Inc (NYSE:DATA). Here's a quick roundup of today's bullish brokerage notes on CF, SQ, and DATA.

  • CF received an upgrade to "buy" at UBS, which also lifted its target price to $28 from $22. The bullish note has the stock pointed 3.2% higher in pre-market trading, which shareholders would gladly welcome -- considering CF Industries Holdings, Inc. has surrendered 42% year-to-date at $23.69, making it one of the worst S&P 500 Index (SPX) performers of 2016. In fact, earlier this month, the shares touched a nearly six-year low of $20.77. Amid these technical woes, short sellers have been active. Short interest on CF spiked 8.7% during the most recent reporting period, and now accounts for 13.4% of the stock's total float.

  • SQ has jumped 3.5% ahead of the bell, after having its rating upgraded to a "buy" at Stifel. Amid some encouraging fundamental developments for the company -- including a solid turn in the earnings confessional -- the shares have been running hot since flirting with the $8.50 level in late June, and settled yesterday at $11.82. Based on these technicals, Square Inc may be in line for additional upgrades, considering 11 of 18 analysts rate the stock a lukewarm "hold." SQ could also be on the cusp of a short-squeeze situation, as it would take 6.4 days to cover the roughly 17 million shares sold short, at typical trading levels.

  • Barclays raised its price target on DATA to $71 from $59, while Baird lifted its target price to $65 from $60, following the firm's C-suite shakeup. Ahead of the bell, the stock has rocketed 7.2% higher, after settling yesterday at $54.87. Tableau Software Inc has now jumped 50% since its post-bear gap lows in February. Meanwhile, at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), call options have been in demand. Specifically, traders have bought to open 10.26 calls for every put, yielding a call/put volume ratio that ranks in the bullishly skewed 89th percentile of its annual range.
Don't miss the market's next move! Sign up now for Schaeffer's Midday Market Check

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