Analyst Upgrades: United Continental Holdings Inc, Sophiris Bio Inc, and VMware, Inc.

Analysts upwardly revised their ratings and price targets on United Continental Holdings Inc (NYSE:UAL), Sophiris Bio Inc (NASDAQ:SPHS), and VMware, Inc. (NYSE:VMW)

Aug 30, 2016 at 9:29 AM
facebook twitter linkedin


Analysts are weighing in on airline stock United Continental Holdings Inc (NYSE:UAL), biotech Sophiris Bio Inc (NASDAQ:SPHS), and tech stock VMware, Inc. (NYSE:VMW). Here's a quick roundup of today's bullish brokerage notes on UAL, SPHS, and VMW.

  • News that Scott Kirby -- president of American Airlines Group Inc (NASDAQ:AAL) -- will be taking the same position at UAL has lifted the latter company's stock over 4% in electronic trading. What's more, Raymond James upgraded the shares to "outperform" from "market perform," while Henry Harteveldt, a travel sector analyst, tweeted that UAL "got a star player" in Kirby. Most analysts are already bullish on United Continental Holdings Inc, with six of nine rating the stock a "strong buy," and zero "sells" on the books. This optimism comes despite UAL's 18% decline in 2016, last seen at $46.95. 

  • SPHS is looking at a 6.5% jump when the market opens, after Piper Jaffray initiated coverage with an "overweight" recommendation and a $7 price target -- more than double the stock's Monday close at $3.37. This bullish note comes after Sophiris Bio Inc on Friday said it has closed the public offering it announced a week ago. At the same time, analysts are already pretty high on SPHS, as its average 12-month price target comes in at a lofty $7.83 -- not surprising, considering the shares' 89% gain in 2016.

  • VMW has gapped higher twice in the past four months, and has surged 33% year-to-date gain, as of yesterday's close at $75.23. The stock is looking to continue this strong showing today, up 1.3% in pre-market trading, after SunTrust Robinson upgraded its opinion to "buy" from "neutral," and boosted its price target to $92 from $64. Elsewhere, short sellers, for some reason, continue to pile on. During the past two reporting periods, short interest on VMware, Inc. increased by 18%, and now a record 23.7 million shares are sold short. Going by VMW's average daily trading pace, this translates into a stunning 12.6 days' worth of buying power -- meaning the stock could have more room to run, if these bears begin to cover
  •  

Don't miss the market's next move! Sign up now for Schaeffer's Midday Market Check
 

Stop leaving money on the table with the same old broken options trading approach...

There is no options strategy that more perfectly capitalizes during earnings season better than this simple call and put buying strategy. Perfect for aggressive traders looking to recover their suffering portfolios so far in 2022. With the simplest possible options strategy, Schaeffer's team with 100+ years of options trading excellence, target 200% gains on every single trade. So many trades are being beaten down by the market, but don't be one of them! Don't waste another second... join us right now before the next trade is released! 

 
Schaeffer's Daily Bulletin Offer
 


 


 
Special Offers from Schaeffer's Trading Partners