Analyst Update: Micron Technology, Inc., Tilly's Inc, and L-3 Communications Holdings, Inc.

Analysts revised their ratings and price targets on Micron Technology, Inc. (MU), Tilly's Inc (TLYS), and L-3 Communications Holdings, Inc. (LLL)

Aug 25, 2016 at 12:50 PM
facebook X logo linkedin

Analysts are weighing in on semiconductor stock Micron Technology, Inc. (NASDAQ:MU), retailer Tilly's Inc (NYSE:TLYS), and tech stock L-3 Communications Holdings, Inc. (NYSE:LLL). Here's a quick roundup of today's brokerage notes on MU, TLYS, and LLL.

  • MU is up 6.5% at $16.52, a new year-to-date high, after a price-target hike to $20 from $16 -- in annual-high territory -- by Nomura, which said the semiconductor firm "has potential to boost margins sustainably above its historical median." Micron Technology, Inc. is up 16% year-to-date, and has enjoyed support from its 50-day moving average since early May. Option players have been especially bullish towards the stock over the past 10 weeks -- amid recurring M&A speculation -- with MU's 50-day call/put volume ratio at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) showing 4.63 calls bought to open for every put, which ranks in the 95th percentile of MU's annual range. 
  • TLYS is up 8.1% at $7.65, and is one of the best performers on the New York Stock Exchange today, after last night's earnings beat. B. Riley subsequently raised its rating on the retailer to a "buy," and issued a price-target hike to $9.50 from $8 -- in territory not charted in a year. Mizuho and SunTrust Robinson also issued price-target hikes, to $7 and $8, respectively. Tilly's Inc is up more than 30% so far this quarter, and has recovered almost 40% from its all-time low of $5.49, touched in early July. TLYS is currently on track to close above its 50-week moving average for the first time since May 2015. Option players were especially call-heavy heading into earnings, with 74.4 calls bought to open for every put over the past 10 days on the ISE/CBOE/PHLX. 
  • LLL is sitting 1.7% higher at $149.25, after being named the top defense pick at J.P. Morgan Securities, which upgraded the stock to "overweight" from "neutral" and issued a price-target hike to $182 from $158 -- in uncharted waters for LLL. L-3 Communications Holdings, Inc. shares are up by almost 25% so far in 2016, and are now testing a foothold atop their 10-week moving average, which ushered the stock to an all-time high in late July. Short-term option buyers have been getting a bargain on their bets, with LLL's Schaeffer's Volatility Index (SVI) of 16% sitting lower than 98% of all other annual readings from the past year, indicating near-term options have been pricing in historically low volatility expectations.
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