FireEye, PVH, Five Below Stock Upgraded

FireEye, PVH, and Five Below stocks are on analysts' bullish radar today

Mar 23, 2017 at 9:28 AM
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Analysts are weighing in on cybersecurity stock FireEye Inc (NASDAQ:FEYE), apparel company PVH Corp (NYSE:PVH), and retailer Five Below Inc (NASDAQ:FIVE). Here's a quick roundup of today's bullish brokerage notes on shares of FDX, PVH, and FIVE.

FireEye Stock Enjoys Another Upgrade

FEYE is on pace to open over 7% higher today, thanks to an upgrade to "buy" from "sell" at Goldman Sachs, which also raised its price target to $15 from $10. A bullish analyst note boosted FEYE stock earlier in the week, too, but at $11.49, the shares remain 35.4% lower year-over-year. That said, while analysts turn more bullish, short sellers keep upping the ante. Short interest on FireEye Inc jumped by 13% during the past two reporting periods, and is back near record-high levels. 

PVH On Pace to Hit 2017 High After Earnings

PVH is also set to rally, after the company posted a fourth-quarter earnings beat and encouraging guidance. What's more, Piper Jaffray reiterated its "overweight" rating and $112 price target, which represents a 23% jump from last night's finish at $90.85. Now, PVH stock is up 8% ahead of the open, as it looks to hurdle resistance from its 80-day moving average and notch a year-to-date high. In the meantime, most analysts are already bullish, with nine of 13 rating PVH Corp a "strong buy." 

FIVE Stock Set to Surge After Earnings

Deutsche Bank raised its price target on FIVE to $48 from $40, following the company's better-than-expected fourth-quarter earnings report. Five Below Inc also said it plans to open around 100 more stores in 2017, and raised its full-year outlook. The stock is set to rally 8.7% at the open after closing Wednesday at $38.13 -- well below its annual high of $52.70 from late July. The expected upside move could be bad news for FIVE options traders, since put buying has more than doubled call buying during the past 10 weeks at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX). The stock's 50-day put/call volume ratio of 2.15 ranks in the 81st annual percentile.

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