Equities Research Analysts’ Price Target Changes for March, 20th (AAL, AAPL, ADI, AMC, AMD, AMGN, ARRY, AZN, BAS, BEZ)

Equities Research Analysts’ price target changes for Monday, March 20th:

American Airlines Group (NASDAQ:AAL) had its price target lowered by Cowen and Company to $46.00.

Apple (NDAQ:AAPL) had its target price increased by Cowen and Company from $135.00 to $155.00. Cowen and Company currently has an outperform rating on the stock.

Apple (NASDAQ:AAPL) had its price target raised by Cowen and Company to $155.00.

Analog Devices (NASDAQ:ADI) had its target price increased by Jefferies Group LLC to $100.00.

AMC Entertainment Holdings (NYSE:AMC) had its price target cut by Wedbush from $41.00 to $40.00. Wedbush currently has an outperform rating on the stock.

Advanced Micro Devices (NASDAQ:AMD) had its target price boosted by Jefferies Group LLC to $16.00.

Amgen (NASDAQ:AMGN) had its price target cut by Goldman Sachs Group Inc to $202.00.

Array Biopharma (NASDAQ:ARRY) had its price target lowered by Cowen and Company to $14.00.

AstraZeneca plc (LON:AZN) had its target price boosted by Berenberg Bank from GBX 5,450 ($66.63) to GBX 5,670 ($69.32). Berenberg Bank currently has a buy rating on the stock.

Basf Se (ETR:BAS) was given a €83.00 ($88.30) price target by analysts at Goldman Sachs Group Inc. The firm currently has a neutral rating on the stock.

Beazley PLC (LON:BEZ) had its target price raised by Macquarie from GBX 312 ($3.81) to GBX 365 ($4.46). Macquarie currently has an underperform rating on the stock.

Berkeley Group Holdings PLC (LON:BKG) had its price target raised by Deutsche Bank AG from GBX 3,559 ($43.51) to GBX 3,571 ($43.66). The firm currently has a buy rating on the stock.

Close Brothers Group plc (LON:CBG) had its target price increased by Macquarie from GBX 1,341 ($16.40) to GBX 1,500 ($18.34). Macquarie currently has a neutral rating on the stock.

Chemring Group plc (LON:CHG) had its target price increased by JPMorgan Chase & Co. from GBX 170 ($2.08) to GBX 185 ($2.26). The firm currently has a neutral rating on the stock.

City Office REIT (NYSE:CIO) had its target price lowered by Deutsche Bank AG to $14.00.

Mack Cali Realty Corp (NYSE:CLI) had its target price increased by Deutsche Bank AG to $28.00.

CenterPoint Energy (NYSE:CNP) had its target price increased by Barclays PLC to $29.00.

Diurnal Group PLC (LON:DNL) had its price target trimmed by Numis Securities Ltd from GBX 187 ($2.29) to GBX 169 ($2.07). They currently have a buy rating on the stock.

E.On Se (FRA:EOAN) was given a €7.50 ($7.98) target price by analysts at Bank of America Corp. The firm currently has a neutral rating on the stock.

Volution Group PLC (LON:FAN) had its price target boosted by Liberum Capital from GBX 206 ($2.52) to GBX 220 ($2.69). The firm currently has a buy rating on the stock.

Fate Therapeutics (NASDAQ:FATE) had its target price cut by HC Wainwright to $6.00.

Foxtons Group PLC (LON:FOXT) had its price target lowered by Jefferies Group LLC from GBX 100 ($1.22) to GBX 90 ($1.10). The firm currently has a hold rating on the stock.

GlaxoSmithKline plc (LON:GSK) was given a GBX 1,890 ($23.11) target price by analysts at Berenberg Bank. The firm currently has a neutral rating on the stock.

Hyatt Hotels (NYSE:H) had its target price raised by FBR & Co from $61.00 to $63.00. FBR & Co currently has an outperform rating on the stock.

HeidelbergCement AG (ETR:HEI) was given a €78.00 ($82.98) price target by analysts at Societe Generale. The firm currently has a sell rating on the stock.

Iberdrola SA (MCE:IBE) was given a €7.30 ($7.77) target price by analysts at Deutsche Bank AG. The firm currently has a buy rating on the stock.

Innogy SE (ETR:IGY) was given a €34.00 ($36.17) target price by analysts at Kepler Capital Markets. The firm currently has a neutral rating on the stock.

Infinera Corp. (NASDAQ:INFN) had its price target raised by Deutsche Bank AG to $13.00.

LVMH Moet Hennessy Louis Vuitton SE (EPA:MC) was given a €220.00 ($234.04) price target by analysts at Sanford C. Bernstein. The firm currently has a buy rating on the stock.

Mohawk Industries (NYSE:MHK) had its price target raised by Barclays PLC to $272.00.

MaxCyte (LON:MXCT) had its target price raised by Panmure Gordon from GBX 280 ($3.42) to GBX 349 ($4.27). Panmure Gordon currently has a buy rating on the stock.

NextEra Energy (NYSE:NEE) had its target price increased by Mizuho to $141.00.

Netflix (NASDAQ:NFLX) had its target price increased by Deutsche Bank AG to $125.00.

National Grid plc (LON:NG) was given a GBX 990 ($12.10) target price by analysts at Societe Generale. The firm currently has a neutral rating on the stock.

OFS Capital Corp (NASDAQ:OFS) had its target price raised by National Securities from $15.00 to $16.00. The firm currently has a buy rating on the stock. The analysts wrote, “• OFS finished 2016 with the portfolio at fair value increasing 9.5% Y/Y to $281.6 million courtesy of origination volume picking up significantly during the second half of the year. NII/share increased Q/Q to $0.39 from $0.34 despite fee income being largely flat and we thus expect the increased portfolio size and what we expect will be steadily increased balance sheet leverage to drive NII/share and dividend growth in both 2017 and 2018.

• NAV/share increased 0.4% Y/Y to $14.82 driven by realized gains and an over-earned dividend on a NII basis, driving an economic return of 9.7% for the year. OFS continues to have very sound underwriting with one company on non-accrual as of year-end with a cost of $7.6 million or 2.7% of the portfolio at amortized cost.

• The company finished 4Q16 with regulatory D/E (excluding SBA debentures) of only 0.07x and we model net portfolio growth of 11.7% and 14.2% in 2017 and 2018, respectively, funded with additional draws on the revolver and what we expect will be an additional SBIC license granted to the company in 3Q17. The increased leverage will likely bolster adjusted NII ROAE and permit robust portfolio growth without the need for common equity issuance, in our opinion.

• We are revising our 2017 adjusted NII/share estimate to $1.54 from $1.61 and are rolling out our 2018 adjusted NII/share estimate of $1.62. We are increasing our price target to $16 from $15 as a result of continued strong performance and we note that our $16 price target represents a modest 6% premium to our 4Q18 NAV/share estimate of $15.10.

Paycom Software (NYSE:PAYC) had its price target boosted by Jefferies Group LLC to $69.00.

Paramount Group (NASDAQ:PGRE) had its price target lowered by Deutsche Bank AG to $19.00.

Prudential plc (LON:PRU) had its price target raised by Panmure Gordon from GBX 1,850 ($22.62) to GBX 2,061 ($25.20). They currently have a buy rating on the stock.

Red Hat (NYSE:RHT) had its price target increased by Mizuho to $94.00. Mizuho currently has a positive rating on the stock.

Raytheon Company (NYSE:RTN) had its target price boosted by Jefferies Group LLC to $172.00.

Spirit Airlines (NASDAQ:SAVE) had its target price lowered by Cowen and Company to $58.00.

Spirit AeroSystems Holdings (NYSE:SPR) had its target price increased by Barclays PLC to $70.00.

Tiffany & Co. (NYSE:TIF) had its target price raised by Telsey Advisory Group from $93.00 to $110.00. Telsey Advisory Group currently has an outperform rating on the stock.

Tiffany & Co. (NYSE:TIF) had its price target boosted by Cowen and Company to $107.00.

Tiffany & Co. (NYSE:TIF) had its price target raised by Instinet to $102.00.

Tullow Oil plc (LON:TLW) had its price target lowered by Jefferies Group LLC from GBX 340 ($4.16) to GBX 270 ($3.30). Jefferies Group LLC currently has a buy rating on the stock.

T-Mobile US (NASDAQ:TMUS) had its target price raised by Barclays PLC to $70.00.

Tesla (NASDAQ:TSLA) had its target price raised by Deutsche Bank AG to $240.00.

United Continental Holdings (NYSE:UAL) had its target price cut by Cowen and Company to $72.00.

Ultra Electronics Holdings plc (LON:ULE) had its price target increased by Barclays PLC from GBX 1,990 ($24.33) to GBX 2,140 ($26.16). The firm currently has an equal weight rating on the stock.

Vernalis plc (LON:VER) had its target price lowered by N+1 Singer from GBX 37 ($0.45) to GBX 28 ($0.34). The firm currently has a hold rating on the stock.

Vornado Realty Trust (NYSE:VNO) had its target price boosted by Deutsche Bank AG to $105.00.

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