Research Analysts’ Price Target Changes for October, 14th (APO, CCL, CMG, ININ, KORS, LULU, NFLX, NR, PNR, TRIP)
Apollo Global Management (NYSE:APO) was given a $45.00 target price by analysts at Credit Suisse.
Carnival Corp. (NYSE:CCL) had its target price lowered by Credit Suisse to $30.00.
Chipotle Mexican Grill (NYSE:CMG) had its price target boosted by Telsey Advisory Group from $422.00 to $486.00. The firm currently has a not rated rating on the stock.
Interactive Intelligence Group (NASDAQ:ININ) had its price target raised by Northland Securities to $63.00.
Michael Kors Holdings (NASDAQ:KORS) had its price target increased by Morgan Stanley to $83.00. Morgan Stanley currently has an overweight rating on the stock.
Lululemon (NASDAQ:LULU) had its target price raised by Canaccord Genuity from $85.00 to $90.00. They currently have a buy rating on the stock.
Netflix (NASDAQ:NFLX) had its price target raised by UBS AG from $290.00 to $340.00. The analysts wrote, “Sentiment in shares has been positive given increasing content leverage toward Netflix through originals and recent deals (Weinstein Pay TV deal), increased optimism around a price increase in 2014 or 2015, and recent partnerships with MSOs in the UK (Virgin Media) and Sweden (Com Hem) to integrate the Netflix app into the cable user interface on TiVo set-top boxes.” The analyst noted expected strong 3Q US streaming net adds with the increase of subscriber momentum continuing into 2014. J.P. Morgan also saw Netflix’s huge content selection appealing to a wider audience and raised 2015 US streaming subscriber, revenue and EBITDA estimates. J.P. Morgan reported positive estimates for the third quarter with US streaming subs as the primary focus. The analyst models US streaming subs of $31M above guidance of $30.5-31.3M and 3Q revenue of $1.106B ahead of consensus of $1.099B. Anmuth stated US and international streaming revenue at $878.2M (previous guidance of $863-885M), and GAAP ESP estimate if $0.42 (previous guidance of $0.30-0.56). J.P. Morgan commented, “Note that the company no longer provides subs and revenue guidance for the domestic DVD segment, which we expect to drive $227.5M in revenue.” Anmuth conclude that Netflix “benefits from improving content, mobile accessibility, and positive seasonality.”
Netflix (NASDAQ:NFLX) was given a $340.00 price target by analysts at JPMorgan Chase & Co..
Newpark Resources (NYSE:NR) had its target price trimmed by Global Hunter Securities from $14.00 to $13.00. They currently have a neutral rating on the stock.
Pentair (NYSE:PNR) had its price target raised by Canaccord Genuity from $58.00 to $65.00. They currently have a hold rating on the stock.
TripAdvisor (NASDAQ:TRIP) had its target price boosted by UBS AG from $62.00 to $78.00. They currently have a neutral rating on the stock.
Wells Fargo & Co. (NYSE:WFC) had its target price increased by Morgan Stanley to $48.00. They currently have an equal weight rating on the stock.
Yelp (NASDAQ:YELP) was given a $75.00 price target by analysts at JPMorgan Chase & Co..
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