Analyst Upgrades: Anadarko, Kate Spade & Co, UnitedHealth

Analysts upwardly revised their ratings and price targets on Anadarko Petroleum Corporation (APC), Kate Spade & Co (KATE), and UnitedHealth Group Inc (UNH)

Sep 13, 2016 at 10:20 AM
facebook X logo linkedin


Analysts are weighing in on oil-and-gas stock Anadarko Petroleum Corporation (NYSE:APC), accessories designer Kate Spade & Co (NYSE:KATE), and insurance giant UnitedHealth Group Inc (NYSE:UNH). Here's a quick roundup of today's bullish brokerage notes on APC, KATE, and UNH.

  • APC is down 2.4% at $56.40, in the wake of its $2 billion Gulf asset purchase, which will largely be funded by a secondary offering of 35.3 million shares. Failing to give the stock a boost are price-target hikes at RBC (to $70) and Morgan Stanley (to $81). While Anadarko Petroleum Corporation is struggling today, it's been making a series of higher highs and lows since bottoming in January at $28.16 -- doubling in value over that time. Not surprisingly, the analyst community has grown bullish toward the stock, which sports 15 "buy" or better recommendations, compared to five "holds" and just a single "sell" opinion.
  • Wells Fargo upgraded its rating on KATE to "outperform" from "market perform," boosting the stock 3.1% to $18.95. However, the shares have been struggling since their late-April highs north of $26, and are approaching a recent layer of resistance at their 40-day moving average. Accordingly, options traders have been placing bearish bets over bullish at an extreme rate in recent months. Kate Spade & Co's 50-day put/call volume ratio at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) registers at an annual high of 1.21.
  • UNH has shed 1.4% at $133.67, despite being named a "top pick" at Jefferies -- which cited confidence in the company's management and an attractive valuation. Separately, UnitedHealth Group Inc's Optum unit announced a partnership with Quest Diagnostics Inc (NYSE:DGX). Technically speaking, UNH is up more than 13% year-to-date, but recently was turned back in the $140-$145 zone after a period of consolidation. As a whole, the brokerage bunch has sky-high expectations for the stock. Sixteen analysts rate UNH a "buy" or better, versus just a single "hold" opinion and one "strong sell."
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 C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI