Ryder calls active following upgrade to Buy Ryder November 40 and 41 calls are active on total call option volume of volume of 4,500 contracts (300 puts). October call option implied volatility is at 35, November is at 32; compared to its 26-week average of 33 according to Track Data. Active volume suggests traders are positioning for movement following an upgrade to Buy from Neutral at SunTrust.
Ryder upgraded to Buy from Hold at Stifel Stifel upgraded Ryder to Buy with a $104 price target based on reasonable valuation and expectations for Fleet Management Solutions NBT margin growth. The firm expects improved sales/marketing efforts to drive higher full service leasing growth and significant growth from the recently launched On-Demand maintenance product.