SQ, AABA, KBH Stocks Upgraded Today

Mizuho believes Square has an advantage over fellow payment processors

Jun 28, 2017 at 9:22 AM
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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. 

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