Apple, KB Home, Under Armour Stock Upgraded

Apple, KB Home, Under Armour stocks are on analysts' bullish radar today

Mar 24, 2017 at 9:17 AM
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Analysts are weighing in on iPhone maker Apple Inc. (NASDAQ:AAPL), homebuilder KB Home (NYSE:KBH), and athletic apparel issue Under Armour stock. Here's a quick roundup of today's bullish brokerage notes on shares of AAPL, KBH, and UAA stock.

Apple Stock Gets Two More Price-Target Hikes

AAPL stock has received several bullish notes from analysts this year, and that trend is continuing today. Nomura raised its price target to $165 from $135, with Needham upping its target to $165 from $150, though the latter firm cut its rating to "buy" from "strong buy." Apple Inc. is up 57.5% since dipping below $90 last May to trade at $140.92, and touched a record high of $142.80 earlier this week. Meanwhile, prospective options traders should note AAPL has a Schaeffer's Volatility Scorecard (SVS) of 100, meaning the stock has been much more volatile than the options market has expected during the past year. 

KB Home Posts Strong Quarterly Results

RBC upped its price target on KBH to $21 from $17, after the company's strong fiscal first-quarter results. The shares are now edging higher ahead of the open, which would add to their long-term uptrend. Specifically, KB Home is up 40% year-over-year at $19.32, touching a three-year high of $19.82 on March 16. Interestingly, there's plenty of room for upgrades to come through, as all but one of the 13 brokerage firms covering KBH stock give it a "hold" or worse rating. 

Jefferies Targets 42% Upside for UAA Stock

UAA stock has been crushed over the past year, losing over half its value to trade at $18.98. However, the shares are pointed 3.3% higher in electronic trading, thanks to an upgrade to "buy" from "hold" at Jefferies, which also raised its price target to $27 from $19, saying "the bottom has formed." It appears UAA options traders are preparing for a breakout, too. Under Armour has a 10-day call/put volume ratio of 3.56 at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which ranks in the bullish 91st annual percentile. 

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