Investment Analysts’ Price Target Changes for February, 10th (ALXN, GALT, GILD, MPAA, MU, OLN, P, PENN, PM, RSOL)
Alexion Pharmaceuticals (NASDAQ:ALXN) had its price target raised by Deutsche Bank from $125.00 to $205.00. Deutsche Bank currently has a buy rating on the stock. The analysts wrote, “The next new product launch for Alexion is Asfotase Alfa for severe Hypophosphatasia (HPP). Our deep dive into the drug suggests the market is bigger vs. street expectations. We also updated our Soliris & expense assumptions to more accurately reflect company guidance. We believe incidence is greater than literature suggests & model 1/25,000 in US & 1/50,000 ex-US of severe pediatric HPP.”
Galectin Therapeutics (NASDAQ:GALT) had its price target raised by Aegis from $16.00 to $32.00. They currently have a buy rating on the stock.
Gilead Sciences (NASDAQ:GILD) had its target price boosted by Argus from $84.00 to $90.00. Argus currently has a buy rating on the stock.
Motorcar Parts of America (NASDAQ:MPAA) had its price target raised by Ladenburg Thalmann from $66.00 to $69.00. They currently have a buy rating on the stock.
Micron Technology (NYSE:MU) had its target price raised by JMP Securities from $31.00 to $33.00. They currently have an outperform rating on the stock.
Olin Corp. (NYSE:OLN) had its target price increased by UBS AG from $23.00 to $25.00. They currently have a neutral rating on the stock.
Pandora Media (NYSE:P) had its price target raised by Singular Research from $13.00 to $17.00. Singular Research currently has a sell rating on the stock.
Plains All Amer (NYSE:PAA) had its price target increased by Ladenburg Thalmann from $66.00 to $69.00. The firm currently has a buy rating on the stock.
Penn National Gaming (NASDAQ:PENN) had its target price lowered by Morgan Stanley from $13.00 to $12.00. The firm currently has an equal weight rating on the stock. The analysts wrote, “As a result of recent relatively cautious channel checks and PENN’s weaker than expected 2014 outlook, we are lowering our estimates (cut 2014e EBITDAR by 8%) and price target for PENN (from $13 to $12). For our base case, the reduction in our FY14 estimates is mainly driven by: i) We believe that we were previously underestimating the cannibalization impact that PENN will likely realize at some of its major properties (Charles Town, Lawrenceburg, and Columbus), ii) We no longer expect a near-term ramp in Columbus given the impact of new supply, and iii) While our regional channel checks suggest flattish same-store growth in 2014,we now assume a relatively conservative 2% y/y same-store decline(excluding properties facing material cannibalization) which more accurately reflects the 1Q weather impact.”
Philip Morris International (NYSE:PM) had its price target lowered by BNP Paribas to $84.00.
Real Goods Solar (NASDAQ:RSOL) was given a $5.00 target price by analysts at Cowen and Company.
Southern Copper Corp. (NASDAQ:SCCO) had its price target increased by Imperial Capital from $35.00 to $37.00. They currently have an outperform rating on the stock.
USG Corp. (NYSE:USG) had its price target increased by Jefferies Group to $40.00.
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