SeaWorld recovery? Family Dollar bidding war; Schlumberger upside
Here is a look at some of the stocks the Yahoo Finance team will be watching for you today.
SeaWorld (SEAS) shares rose in early trading. Credit Suisse initiated coverage of the theme park operator with an outperform rating and a $23 price target. The investment firm said that SeaWorld's move to improve its image last week by saying it would double the size of its killer whale tanks at its three parks will pay off and help revive struggling attendance. SeaWorld shares tanked last week after its second quarter earnings and revenue missed estimates due largely to a drop in traffic following negative publicity surrounding its critical documentary "Blackfish.”
Schlumberger (SLB) shares are higher in the premarket after this week's cover story in Barron's said the stock has 50% more upside. The article points out that the energy service giant’s recent acquisitions have helped make it a leader in hydraulic fracturing, and shares are not yet reflecting the potential of big earnings gains.
The dollar store space is on investors’ watch list this morning after Dollar General (DG) made a rival $9.7 billion bid for Family Dollar (FDO). Dollar General’s $78.50 a share offer is more than the $74.50 cash-and-stock bid from Dollar Tree (DLTR). Dollar General and Family Dollar shares rose on the news in early trading, while Dollar Tree’s shares fell in the pre-market.
