Sarepta, Seagate Technology, Suncor Upgraded

Sarepta, Seagate Technology, and Suncor stocks are on analysts' bullish radar today

Apr 5, 2017 at 10:13 AM
facebook twitter linkedin


Analysts are weighing in on drugmaker Sarepta Therapeutics Inc (NASDAQ:SRPT), data storage stock Seagate Technology PLC (NASDAQ:STX), and energy firm Suncor Energy Inc. (USA) (NYSE:SU). Here's a quick roundup of today's bullish brokerage notes on shares of SRPT, STX, and SU.

Sarepta Stock Soars on SunTrust Note

SRPT has surged 4.6% to trade at $30.13, following an upgrade to "buy" from "hold" at SunTrust Robinson. The brokerage firm explained, "encouraging long-term data on cardiac and pulmonary function can support payer coverage on co's only drug, Exondys 51." That said, Sarepta Therapeutics Inc shares have been more than cut in half since hitting a 13-year high near $64 in late September. Still, options traders are extremely call-skewed toward the stock. SRPT sports a Schaeffer's put/call open interest ratio (SOIR) of 0.36, which ranks lower than all readings taken in the past year.

Seagate Shares Stay Hot on Positive Price-Target Revision

STX stock has tacked on 2.2% at $46.96, buoyed by RBC's price-target hike to $50 from $45 -- in annual-high territory. Technically speaking, the shares have caught fire since bottoming at $18.42 last May, up over 155%. This bullish price action could pave the way for upgrades. Despite Seagate Technology PLC's long-term gains, 15 of 21 analysts still maintain "hold" or worse opinions.

Suncor Now a Goldman "Conviction Buy"

Goldman Sachs added SU stock to its "Americas conviction buy" list. The move has lifted the shares 2.2% to $31.29 -- though they remain slightly lower on a year-to-date basis. Generally speaking, the brokerage bunch is bullishly arrayed toward the recent underperformer. Ten analysts rate Suncor Energy Inc. a "buy" or better, compared to three "holds" and not a single "sell."

 

Stop leaving money on the table with the same old broken options trading approach...

There is no options strategy that more perfectly capitalizes during earnings season better than this simple call and put buying strategy. Perfect for aggressive traders looking to recover their suffering portfolios so far in 2022. With the simplest possible options strategy, Schaeffer's team with 100+ years of options trading excellence, target 200% gains on every single trade. So many trades are being beaten down by the market, but don't be one of them! Don't waste another second... join us right now before the next trade is released! 

 
Best stocks for October and worst stocks for October
 


 


 
Special Offers from Schaeffer's Trading Partners