Analyst Update: Goodyear Tire & Rubber Co, Cyberark Software Ltd, and Mylan NV

Analysts are weighing in on Goodyear Tire & Rubber Co (NASDAQ:GT), Cyberark Software Ltd (NASDAQ:CYBR), and Mylan NV (NASDAQ:MYL)

Sep 6, 2016 at 3:02 PM
facebook X logo linkedin

Analysts are weighing in on tire expert Goodyear Tire & Rubber Co (NASDAQ:GT), tech stock Cyberark Software Ltd (NASDAQ:CYBR), and biotech Mylan NV (NASDAQ:MYL). Here's a quick roundup of today's brokerage notes on GT, CYBR, and MYL.

  • GT has gapped 4.3% higher to $31.02, thanks to an upgrade to "buy" from "hold" at Deutsche Bank. The brokerage firm also raised its price target to $37 from $29, saying the company should be able to increase cash payouts to shareholders going forward. The $37 price target represents territory Goodyear Tire & Rubber Co hasn't seen since late 1999, while today's price action has the shares above their 320-day moving average for the first time since April. This could be making short sellers nervous, considering they control six days' worth of buying power, going by the stock's normal trading volumes. 
  • CYBR is also rallying today, adding 3.7% at $57.41 -- and earlier hitting a 12-month high of $58.49 -- following a price-target hike to $62 from $60 at Nomura. The shares have now added 27% in 2016, and more gains could be forthcoming if short sellers continue to cover. Specifically, short interest on Cyberark Software Ltd fell by 13% in the last reporting period, yet 8% of the stock's float is still sold short. 
  • MYL has managed a 0.9% gain at $40.34, even though RBC lowered its price target to $48 from $52, and New York Attorney General Eric Schneiderman said he'd be investigating the company. More specifically, Schneiderman will be looking into whether Mylan NV broke antitrust laws when selling EpiPens to public schools -- just the latest round of drama surrounding the life-saving allergy treatment. Pressured by the EpiPen debacle -- which will now include a class-action lawsuit -- the shares have underperformed the S&P 500 Index (SPX) by almost 18 percentage points in the past month, and options traders see more losses ahead. During the last two weeks at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), 1.47 MYL puts have been bought to open for every call. 
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