Research Analysts’ price target changes for Monday, August 21st:
Blue Buffalo Pet Products (NASDAQ:BUFF) had its target price raised by J P Morgan Chase & Co from $26.00 to $29.00. The firm currently has an overweight rating on the stock.
Cherokee (NASDAQ:CHKE) had its price target lowered by Roth Capital from $18.00 to $10.00. The firm currently has a buy rating on the stock.
Deere & (NYSE:DE) had its price target cut by Bank of America Corporation from $145.00 to $130.00. The firm currently has a neutral rating on the stock.
Estee Lauder Companies, Inc. (The) (NYSE:EL) had its price target increased by Deutsche Bank AG from $108.00 to $119.00. Deutsche Bank AG currently has a buy rating on the stock.
Estee Lauder Companies, Inc. (The) (NYSE:EL) had its target price increased by Bank of America Corporation from $105.00 to $115.00. Bank of America Corporation currently has a buy rating on the stock.
Hibbett Sports (NASDAQ:HIBB) had its price target trimmed by Bank of America Corporation from $12.00 to $10.00. They currently have an underperform rating on the stock.
Installed Building Products (NYSE:IBP) had its price target raised by Deutsche Bank AG from $58.00 to $62.00. The firm currently has a buy rating on the stock.
Kansas City Southern (NYSE:KSU) had its price target boosted by Bank of America Corporation from $112.00 to $113.00. The firm currently has a neutral rating on the stock.
Lanxess AG (ETR:LXS) was given a €67.00 ($78.82) target price by analysts at UBS AG. The firm currently has a neutral rating on the stock.
Planet Fitness (NYSE:PLNT) had its price target raised by Roth Capital from $23.00 to $27.00. They currently have a buy rating on the stock.
Triumph Group (NYSE:TGI) had its price target lowered by Credit Suisse Group from $40.00 to $37.00. The firm currently has an outperform rating on the stock.
Terreno Realty Corporation (NYSE:TRNO) had its price target boosted by National Securities from $33.00 to $35.00. The firm currently has a neutral rating on the stock. The analysts wrote, “TRNO 2Q17 Recap: With TRNO’s shares near recent all-time highs and having appreciated 59.2% from $20.12 where we initially rated the stock a BUY in a 7/28/15 initiation note, its current 28.42x 2018 P/FFO estimate is at a staggering 40.7% premium to the industrial REIT sector median multiple of 20.20x and appears fully valued. As such, we are maintaining our NEUTRAL rating and adjusting our price target to $35.
With industrial real estate prices up significantly and TRNO’s highly attractive acquisition vintage profile, we expect management to continue to harvest gains in 2017 and 2018 and recycle capital. The future remains bright for TRNO and we continue to favor industrial REIT operators formed >2010, as their portfolios are absent legacy assets and more attractive on a relative basis.
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