Analyst Upgrades: Walt Disney Co, Netflix, Inc., and Noble Energy, Inc.

Analysts upwardly revised their ratings and price targets on blue-chip media stock Walt Disney Co (DIS), streaming stock Netflix, Inc. (NFLX), and oil company Noble Energy, Inc. (NBL)

Jan 17, 2017 at 9:57 AM
facebook X logo linkedin


Analysts are weighing in on blue-chip media stock Walt Disney Co (NYSE:DIS), streaming stock Netflix, Inc. (NASDAQ:NFLX), and oil-and-gas company Noble Energy, Inc. (NYSE:NBL). Here's a quick look at today's bullish brokerage notes on DIS, NFLX, and NBL. 

  • DIS is up 0.6% at $108.70, after an upgrade to "buy" from "neutral" by Goldman Sachs, which also raised its price target to $134 from $109 -- in all-time high territory -- citing new park attractions, tax reform benefits, and a 2018 film schedule that "might be its best ever." DIS shares have enjoyed the support of their 10- and 20-day moving averages over the past few months, as the blue-chip media stock has added more than 20% from its October lows. Elsewhere, option bulls have been hitting the stock harder than usual, with Walt Disney Co's 10-day call/put volume ratio at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) showing 2.27 calls bought to open for every put during the last two weeks. This ratio registers in the 81st percentile of its annual range, pointing to a healthier-than-usual appetite for long DIS calls over puts.

  • NFLX is 0.2% higher at $134 -- and just off a new all-time high of $135.40 -- after a round of bullish analyst attention. Mizuho raised its rating to "buy" from "neutral" and issued a price-target hike to $152 from $112, while Goldman Sachs also raised its price target to $155. Set to report earnings tomorrow night, NFLX is up by more than 67% since its February lows, helped by a post-earnings bull gap in October. Near-term option players are more put-skewed than usual, though, with Netflix, Inc.'s Schaeffer's put/call open interest ratio (SOIR) of 1.12 sitting at an annual high.

  • NBL is trading 4.2% higher at $38.97, after announcing it has entered into a deal to purchase Clayton Williams Energy, Inc. (NYSE:CWEI) for $2.7 billion. NBL has since received positive attention from several analysts, including an upgrade to "neutral" from "sell" at Seaport Global Securities, which also lifted its price target to $36 from $33. In addition, Jefferies and Wunderlich raised their price targets to $46 and $52, respectively. NBL is up more than 70% since hitting a seven-year low last January, and is on pace to take out both its 10- and 20-day trendlines for the first time since early December. With 2.96 puts bought to open for every call at the ISE/CBOE/PHLX over the last 10 weeks, however -- in the 80th percentile of its annual range -- it looks like Noble Energy, Inc. option players have been more bearish than usual.
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