Cabot Oil, FedEx, TrueCar Upgraded

Analysts are weighing in on energy stock Cabot Oil & Gas Corporation (NYSE:COG), delivery specialist FedEx Corporation (NYSE:FDX), and car-buying service TrueCar Inc (NASDAQ:TRUE). Here's a roundup of today's bullish brokerage notes on COG, FDX, and TRUE.

Cabot Oil Bound For a Big Day

COG was upgraded to the equivalent of a "buy" rating at both J.P. Morgan Securities and Susquehanna. The brokerage firms also raised their price targets to $27 and $26, respectively -- the former representing an annual high. On Friday, COG settled at $21.43, up just 2.5% year-over-year, but the stock has already jumped 10.6% pre-market. Options traders have been aggressively betting on a breakout, too. At the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), speculators have bought to open over 13,000 calls in the past two weeks, versus roughly 50 puts.

Raymond James Upgrades FedEx

Raymond James lifted its rating on FDX to "outperform" from "market perform," helping the stock tack on 1% ahead of the open. The bullish note is well-deserved, considering the shares have advanced over 40% year-over-year, at $188.21 -- recently bouncing off their 80-day moving average, while outperforming sector peer United Parcel Service, Inc. (NYSE:UPS). Understandably, 10 analysts consider FDX stock worthy of a "strong buy" endorsement, compared to six "holds" and not a single "sell."

Upbeat Attention Signals a TrueCar Breakout

TRUE is pointed 3.7% higher in electronic trading, boosted by RBC's upgrade to "outperform" from "sector perform." This could help the stock break out of its consolidation pattern in the $12-$13.50 range, where it's been pinned since mid-November -- though, at $13.23, the shares have surged over 120% year-over-year. Short-term options traders, meanwhile, are extremely call-skewed toward TRUE. The stock sports a Schaeffer's put/call open interest ratio (SOIR) of 0.02, lower than 99% of all readings from the past year.