SQ, AABA, KBH Stocks Upgraded Today

Mizuho believes Square has an advantage over fellow payment processors

Jun 28, 2017 at 9:22 AM
facebook twitter linkedin


Analysts are weighing in on payments processor Square Inc (NYSE:SQ), investment company Altaba Inc (NASDAQ:AABA), and homebuilder stock KB Home (NYSE:KBH). Here's a quick roundup of today's bullish brokerage notes on shares of SQ, AABA, and KBH.

Mizuho Predicts Record Highs for Square Stock

Mizuho initiated coverage on Square stock with a "buy" rating and $28 price target, saying the company has an advantage over competitors thanks to its growing suite of services. The $28 price target represents all-time highs for SQ shares, which topped out at $24.97 on June 9, and closed Tuesday at $23.32. Year-to-date, Square has added 71%, and with the stock up another 1.4% in electronic trading, there's room for more analysts to join the bulls' side. For example, 10 of the 23 brokerage firms with coverage on SQ stock still have just a "hold" rating, so upgrades are certainly possible. 

J.P. Morgan Bullish on AABA Stock

Altaba stock is up 1.3% before the open, after J.P. Morgan Securities began coverage with an "overweight" assessment and $65 price target. AABA stock -- formerly Yahoo -- has seen some notable options trading activity since the conversion on June 19, while the shares closed yesterday at $53.64. For reference, in its first day trading as Altaba, the stock opened at $54. Elsewhere, most analysts are taking a wait-and-see approach, with 10 of 17 rating AABA a "hold." 

KBH Stock Eyes Fresh Highs After Earnings 

KB Home last night delivered impressive quarterly earnings and raised its full-year financial targets, resulting in price-target hikes from Credit Suisse, Susquehanna, and RBC. The latter firm set the highest mark at $25. KBH shares settled at $22.82 yesterday, after hitting a four-year high of $23.16. The homebuilder stock has been in a strong uptrend since the start of the year, adding 44%, but analysts are surprisingly bearish on KB Home. In fact, just one of 12 covering brokerage firms recommends buying the shares. 

Grab your FREE Eternal Contrarian report!


 




 
Special Offers from Schaeffer's Trading Partners