U.S. RESEARCH ROUNDUP-Adtran, Pandora Media, Blue Bird

8x8

17/12/2015 14:30

Dec 17 (Reuters) - Wall Street securities analysts revised their ratings and price targets 
on several U.S.-listed companies, including Hilltop Holdings, Ignyta and Pandora Media, on 
Thursday.  
     
     
    HIGHLIGHTS 
    * Apple  AAPL.O : RBC cuts target price to $140 from $150; rating outperform 
    * Geron Corp  GERN.O : Janney starts with buy 
    * Blue Bird Corp  BLBD.O : Stifel starts with buy; target price $14   
    * Pandora Media Inc  P.N : Albert Fried & Company raises to overweight from underweight 
    * Adtran  ADTN.O : JP Morgan raises to overweight from neutral 
     
         
Following is a summary of research actions on U.S. companies reported by Reuters on Thursday. 
Stock entries are in alphabetical order. See bottom of the table for sector changes. 
     
    * 8X8  EGHT.O : Northland Capital raises price target to $13 from $12  
    * Abbvie Inc  ABBV.N :Credit Suisse cuts target price to $69 from $75   
    * Abraxas Petroleum Corp  AXAS.O : Imperial Capital cuts target to $1 from $1.75; in-line   
    * Acuity Brands Inc  AYI.N : Cowen and Company raises target to $275 from $200; outperform   
    * Adamas Pharmaceuticals Inc  ADMS.O : Credit Suisse cuts target to $35 from $37; outperform 
      
    * Adtran  ADTN.O : JP Morgan names top picks 2016 
    * Adtran  ADTN.O : JP Morgan raises to overweight from neutral; raises target to $22.50 
    * Agco Corp  AGCO.N : Deutsche Bank raises to hold from sell; target price to $46   
    * Alder Biopharmaceuticals  ALDR.O : Credit Suisse cuts target to $46 from $50; outperform  
    * Alkermes Plc  ALKS.O : Credit Suisse raises target price to $85 from $77; outperform  
    * American Homes 4 Rent  AMH.N : JP Morgan cuts to neutral from overweight  
    * Amicus Therapeutics Inc  FOLD.O : Janney resumes coverage with neutral; fair value $11   
    * Apple  AAPL.O : RBC cuts target price to $140 from $150; rating outperform 
    * Armada Hoffler Properties Inc  AHH.N : Raymond James raises target to $11.5; outperform  
    * Array Biopharma Inc  ARRY.O : Leerink cuts price target to $6 from $9  
    * Axsome Therapeutics Inc  AXSM.O : Brean Capital starts with buy; target price $29   
    * Bancolombia  CIB.N : HSBC raises to buy from hold  
    * Blue Bird Corp  BLBD.O : Stifel starts with buy; target price $14   
    * Bristol-Myers Squibb Co  BMY.N :Credit Suisse raises target price to $81 from $76  
    * Bristol-Myers Squibb Co  BMY.N : Cowen and Company raises target to $100; outperform   
    * Bristol-Myers Squibb Co  BMY.N : Credit Suisse removes from the U.S. focus list  
    * Caci International Inc  CACI.N : BB&T Capital raises to buy from hold   
    * Canadian Solar  CSIQ.O : Canaccord Genuity raises target price to $35 from $29; rating buy 
    * Caterpillar Inc  CAT.N : Deutsche Bank cuts to hold from buy; target price to $60  
    * Ceb Inc  CEB.N :Barclays cuts to underweight from equalweight; cuts target price to $68   
    * Cepheid  CPHD.O : Needham raises to buy from hold   
    * Cerus Corp  CERS.O : Wedbush cuts to neutral from outperform  
    * Chatham Lodging Trust  CLDT.N : Stifel cuts target price to $26 from $31; rating buy  
    * Chesapeake Energy  CHK.N : Capital One Securities ups target to $10 from $9; underweight  
    * Chevron  CVX.N : Cowen and Company raises target price to $122 from $95; rating outperform 
    * Ciena  CIEN.N : JP Morgan names top picks 2016 
    * Coca-Cola Enterprises Inc  CCE.N : UBS cuts price target to $52 from $56; rating neutral   
    * Columbia Sportswear  COLM.O : 2016's top three stocks  
    * Commscope  COMM.O : JP Morgan names top picks 2016  
    * Commscope  COMM.O : JP Morgan raises to overweight from neutral ; raises target to $30   
    * Concha  VCO.N : Deutsche Bank raises to buy from hold; cuts target price to $39  
    * Constellation Brands Inc  STZ.N :Barclays reinstates with overweight; $155 price target   
    * Corcept Therapeutics Inc  CORT.O : Janney starts with buy; fair value $8   
    * Corning Inc  GLW.N : JP Morgan cuts price target to $18 from 20.00   
    * Corning Inc  GLW.N : JP Morgan cuts to neutral from overweight   
    * Cummins Inc  CMI.N : Deutsche Bank cuts target price to $87 from $102 
    * Customers Bancorp Inc  CUBI.N : KBW raises price target to $31 from $28; market perform   
    * D&B  DNB.N : Barclays cuts target price to $110 from $115   
    * Danaher  DHR.N : Barclays raises price target to $97 from $94; rating overweight   
    * Dave & Buster's Entertainment Inc  PLAY.O : BMO starts with outperform; target price $48  
    * Diamondrock Hospitality Co  DRH.N : Stifel cuts to hold from buy   
    * Dish Network Corp  DISH.O : Macquarie cuts price target to $70 from $72; rating neutral  
    * Douglas Emmett Inc  DEI.N : Raymond James raises target price to $33 from $31; outperform 
    * Easterly Government Properties Inc  DEA.N : Raymond James ups target to $18.5; outperform  
   
    * Edwards Lifesciences Corp  EW.N : Jefferies raises target price to $100 from $90; buy   
    * Eli Lilly and Co  LLY.N : Credit Suisse adds to U.S. focus list   
    * Factset Research Systems Inc  FDS.N : Barclays raises target price to $170 from $160  
    * Fair Isaac Corp  FICO.N : Barclays raises target price to $104 from $95  
    * FBR Names Ascena Retail  ASNA.O : 2016's top three stocks  
    * Fedex Corp  FDX.N : Baird cuts price target to $172 from $182; rating outperform   
    * Fedex Corp  FDX.N : Deutsche Bank raises price target to $202 from $200; rating buy  
    * Finish Line Inc  FINL.O : Citigroup raises target price to $20 from $19   
    * Finish Line Inc  FINL.O : Citigroup raises to buy from neutral   
    * Galapagos NV  GLPG.AS : Bryan Garnier raises fair value to 64 euros from 52 euros; buy   
    * Gartner Inc  IT.N :Barclays raises target price to $94 from $87 
    * Gastar Exploration Inc  GST.A : Topeka Capital raises target to $2.50 from $2.25; buy  
    * General Growth Properties  GGP.N : JP Morgan cuts target price to $29 from $31   
    * General Growth Properties  GGP.N : JP Morgan cuts to neutral from overweight 
    * Geron Corp  GERN.O : Janney starts with buy; fair value $6.50   
    * GoPro Inc  GPRO.O : Raymond James cuts target price to $36 from $43; rating outperform  
    * Great Southern Bancorp Inc  GSBC.O : KBW raises target to $46 from $45.5; market perform  
    * Hain Celestial Group Inc  HAIN.O : Canaccord Genuity cuts target to $55 from $61; buy  
    * Hanesbrands  HBI.N : 2016's top three stocks  
    * Harris Corp  HRS.N : Jefferies starts with buy; price target $100.00   
    * Hcp Inc  HCP.N : Cowen and Company cuts target to $39 from $40; rating market perform   
    * Healthcare Realty Trust Inc  HR.N : Cowen and Company cuts target to $22; underperform  
    * Healthcare Trust of America  HTA.N : Cowen and Company cuts target to $28; outperform  
    * Hersha Hospitality Trust  HT.N : Stifel cuts to hold from buy   
    * Hilltop Holdings  HTH.N : Raymond James cuts to market perform 
    * Honeywell International  HON.N : Jefferies raises target to $120 from $115; rating buy   
    * Honeywell International  HON.N : Bernstein raises target to $119 from $118; outperform 
    * Host Hotels & Resorts Inc  HST.N : Stifel cuts target price to $20 from $25; rating buy 
    * Ignyta  RXDX.O : Leerink transitions coverage with outperform rating and $16 price target  
   
    * Ihs  IHS.N :Barclays cuts target price to $120 from $125 
    * IMS Health Holdings Inc : Barclays cuts target price to $28  
    * IMS Health Holdings Inc  IMS.N : Barclays cuts to equalweight from overweight 
    * Infinera  INFN.O : JP Morgan names top picks 2016 
    * Jabil Circuit Inc  JBL.N : RBC raises target price to $26 from $25; rating sector perform 
    * J&J  JNJ.N : Credit Suisse cuts target price to $108 from $110    
    * Joy Global Inc  JOY.N : Susquehanna cuts target price to $13 from $20; rating neutral 
    * Joy Global Inc  JOY.N : Barclays cuts target price to $14 from $16; rating equalweight   
    * Joy Global Inc  JOY.N : Raymond James cuts target price to $13 from $23; market perform   
    * Joy Global Inc  JOY.N : William Blair cuts price target to $14 from $26; rating outperform 
  
    * Joy Global Inc  JOY.N : Jefferies cuts price target to $13 from $20; rating hold  
    * Lakeland  LKFN.O : Raymond James cuts to market perform 
    * Lam Research Corp  LRCX.O : Cowen and Company raises target to $90 from $85; outperform  
    * LaSalle Hotel Properties  LHO.N : Stifel cuts to hold from buy   
    * Lennox International Inc  LII.N : JP Morgan cuts target price to $137 from $138; neutral   
    * Lennox International Inc  LII.N : Wells Fargo cuts to market perform from outperform   
    * Lennox International Inc  LII.N : Susquehanna raises target to $150 from $143; positive 
    * Mack-Cali Realty Corp  CLI.N : JP Morgan raises target price to $25 from $19   
    * Mack-Cali Realty Corp  CLI.N : JP Morgan raises to neutral from underweight 
    * Marinus Pharmaceuticals Inc  MRNS.O : RBC starts with outperform; target price $14   
    * Markit Ltd  MRKT.O : Barclays raises target price to $32 from $30 
    * Marks and Spencer Group Plc  MKS.L : Peel Hunt cuts target price to 400p from 450p 
    * Medical Properties Trust Inc  MPW.N : Cowen and Company cuts target to $12; market perform 
    * Merck  MRK.N : Credit Suisse cuts target price to $59 from $61 
    * Micron Technology Inc  MU.O : Morgan Stanley raises to overweight from equalweight   
    * Microvision Inc  MVIS.O : Rodman & Renshaw starts with buy; target price $3.50  
    * MiMedx Group Inc  MDXG.O : Northland Capital raises target to $11 from $10; outperform  
    * Moody's Corp  MCO.N :Barclays cuts target price to $110 from $115 
    * Neurocrine Biosciences Inc  NBIX.O :Cowen and Company raises price target to $65 from $55  
    * Newmont Mining Corp  NEM.N : HSBC raises target price to $21.8 from $20.2   
    * Nike Inc  NKE.N : Jefferies raises price target to $150 from $145; rating buy   
    * Nordstrom Inc  JWN.N : JP Morgan cuts price target to $63 from $66; rating buy   
    * Omega Healthcare Investors  OHI.N : Cowen and Company cuts target to $35; market perform 
    * Oracle  ORCL.N : FBR cuts price target to $41 from $44; rating market perform   
    * Oracle Corp  ORCL.N : RBC cuts target price to $46 from $48; rating outperform   
    * O'Reilly Automotive Inc  ORLY.O : Citigroup raises target price to $295 from $275   
    * O'Reilly Automotive Inc  ORLY.O : Citigroup raises to buy from neutral   
    * OSI Systems Inc  OSIS.O : Roth raises price target to $101; rating buy  
    * Pacific Continental  PCBK.O : Raymond James cuts to market perform 
    * Pandora Media Inc  P.N : Cowen and Company raises target price to $21 from $19   
    * Pandora Media Inc  P.N : JP Morgan raises target price to $30 from $25; rating overweight  
    * Pandora Media Inc  P.N : MKM Partners raises fair value to $18 from $14; rating neutral   
    * Pandora Media Inc  P.N : Nomura raises target price to $17 from $16; rating neutral   
    * Pandora Media Inc  P.N : Albert Fried & Company raises to overweight from underweight 
    * Pandora Media InC  P.N : Albert Fried & Company raises target price to $20 from $11 
    * Pandora Media Inc  P.N : Raymond James raises target price to $18 from $17; outperform  
    * Pandora Media Inc  P.N : Credit Suisse raises target price to $24 from $23   
    * Pandora Media Inc  P.N : Sterne Agee CRT raises price target to $27; rating buy  
    * Patriot National Inc  PN.N : Compass Point cuts price target to $17 from $20; rating buy   
    * Pebblebrook Hotel Trust  PEB.N : Stifel cuts target price to $36 from $46; rating buy  
    * Physicians Realty Trust  DOC.N : Cowen and Company cuts target to $18.5; outperform 
    * Pier 1 Imports Inc  PIR.N : Nomura cuts target price to $10 from $14; rating buy   
    * Pier 1 Imports Inc  PIR.N : Credit Suisse cuts target price to $5 from $7; rating neutral 
    * Pier 1 Imports Inc  PIR.N : Suntrust Robinson cuts target price to $7 from $8; neutral 
    * Pier 1 Imports Inc  PIR.N : Jefferies cuts target price to $5.75 from $7.5; rating hold 
    * Pier 1 Imports Inc  PIR.N : Wedbush cuts price target to $4 from $8; rating neutral  
    * Pier 1 Imports Inc  PIR.N : Credit Suisse cuts target price to $5 from $7   
    * Pier 1 Imports Inc  PIR.N : Raymond James cuts target price to $12 from $15, strong buy  
    * PJT Partners Inc  PJT.N : Susquehanna raises price target to $29 from $23   
    * PJT Partners Inc  PJT.N : Susquehanna raises to positive from neutral   
    * Ps Business Parks Inc  PSB.N : JP Morgan cuts to neutral from overweight 
    * Public Storage  PSA.N : JP Morgan cuts to neutral from overweight  
    * Qualcomm Inc  QCOM.O : JP Morgan cuts target price to $55 from $57.5   
    * Qualcomm Inc  QCOM.O : JP Morgan raises to overweight from neutral   
    * Regency Centers Corp  REG.N : Cowen and Company raises target to $66; market perform   
    * Relypsa Inc  RLYP.O : H C Wainwright & Co starts with buy; target price $63  
    * Republic Services Inc  RSG.N : JP Morgan starts with overweight; target price $49   
    * ResMed Inc  RMD.N : Needham cuts to hold from buy   
    * Resource Capital Corp  RSO.N : FBR starts with an outperform rating; price target of $14   
    * Resource Capital Corp  RSO.N : FBR starts with outperform; price target $14.00   
    * Retail Opportunity Investments  ROIC.O : Cowen and Company ups target to $21.5; outperform 
     
    * Rubicon Project Inc  RUBI.N : Jefferies starts with buy; price target $24.00   
    * Rush Enterprises Inc  RUSHA.O : BB&T cuts to hold   
    * Sabra Health Care REIT Inc  SBRA.O : Cowen and Company cuts target to $22.5;market perform 
    * Sierra  BSRR.O : Raymond James cuts to market perform 
    * Signature Bank  SBNY.O : Raymond James cuts to outperform from strong buy 
    * Silicon Laboratories Inc  SLAB.O : Canaccord Genuity raises target to $60 from $58; buy   
    * Spirit Realty Capital Inc  SRC.N : Raymond James cuts target price to $11 from $12.5 
    * Starwood Waypoint Residential Trust  SWAY.N : JMP Securities reinstates with target $26   
    * Store Capital Corp  STOR.N : Raymond James raises target price to $24 from $23  
    * Sunrun Inc  RUN.O : Keybanc raises to overweight from sector weight   
    * Tallgrass Energy GP LP  TEGP.N : Credit Suisse cuts target price by $6 to $29; outperform  
    * Tallgrass Energy Partners LP  TEP.N : Capital One cuts target price to $55; overweight   
    * Tallgrass Energy Partners LP  TEP.N : Credit Suisse cuts target by $5 to $63; outperform 
    * Taubman Centers Inc  TCO.N : JP Morgan raises target price to $86 from $82   
    * Taubman Centers Inc  TCO.N : JP Morgan raises to overweight from neutral 
    * Teekay Corp  TK.N : RBC cuts to sector perform from outperform; cuts target price to $16  
    * Teekay Corp  TK.N : Seaport Global Securities cuts to neutral from buy 
    * Teekay Lng Partners LP  TGP.N : RBC cuts target price to $23 from $29; sector perform   
    * Teekay Lng Partners LP  TGP.N : Seaport Global Securities cuts to neutral from accumulate  
    * Teekay Offshore Partners LP  TOO.N : RBC cuts target price to $11 from $20; sector perform 
  
    * Teekay Offshore Partners  TOO.N :Seaport Global Securities cuts to neutral from accumulate 
    * Terex Corp  TEX.N : Deutsche Bank cuts to hold from buy; target price to $20 from $25  
    * Textron Inc  TXT.N : Cowen and Company raises target price to $53 from $52; outperform  
    * Thomson Reuters  TRI.N : Barclays raises target price to $42 from $40 
    * Tiffany & Co  TIF.N : Deutsche Bank cuts target price to $92 from $93  
    * Transunion  TRU.N : Barclays raises target price to $28 from $26 
    * UDR Inc  UDR.N : Baird cuts to neutral from outperform   
    * UDR Inc  UDR.N : Baird cuts to neutral from outperform 
    * Universal Display Corp  OLED.O : Summit Research raises target price to $40 from $35; hold 
    * Upland Software Inc  UPLD.O : Roth starts with buy   
    * Upland Software Inc  UPLD.O : Roth starts with target price $11.50 
    * Valeant Pharmaceuticals  VRX.N : Mizuho Securities cuts to neutral from buy   
    * Valeant Pharmaceuticals  VRX.N : Mizuho Securities raises target price to $130 from $111   
           
    * Vanguard Natural Resources  VNR.O : Wunderlich Securities cuts to hold from buy   
    * Vanguard Natural Resources  VNR.O : Wunderlich Securities revises target to $4 from $12   
    * Versartis Inc  VSAR.O : Credit Suisse cuts to underperform; target price to $12  
    * Verisk Analytics Inc  VRSK.O : Barclays raises target price to $86 from $82 
    * Waste Connections Inc  WCN.N : JP Morgan starts with Top Pick rating; target price $61  
    * Waste Management Inc  WM.N : JP Morgan starts with neutral; target price $55  
    * Welltower Inc  HCN.N : Cowen and Company cuts target price to $71 from $75; market perform 
    * Welltower Inc  HCN.N : JP Morgan cuts to neutral from overweight 
    * Westrock Co  WRK.N : Jefferies cuts price target to $68 from $74; rating buy  
    * Yadkin Financial  YDKN.N : Raymond James cuts to outperform from strong buy 
   
 
 (Compiled by Fareha Khan in Bengaluru) 
 ((Bengaluru Newsroom: +1 646 223 8780)) 
 
Keywords: RESEARCH US/