Stifel Boosts Price Targets For These 5 Stocks

In a recent report, analysts at Stifel updated their outlook and raised price targets for five stocks. The analysts provided brief explanations for their increased bullish stances on each stock.

AMC Entertainment Holdings Inc AMC 3.05%

Analysts raised their price target for AMC from $30.00 to $36.00 on the strength of the company’s Q4 earnings. While box office numbers for the quarter were in line with expectations, revenue from concessions and gross profit per patron surprised to the upside. Analysts raised 2015 estimates for the company and believe a dividend hike is imminent. Stifel rates AMC at Buy.

Analog Devices, Inc. ADI 0.46%

Analysts raised their price target for Analog Devices from $66.00 to $68.00 after the company’s Q4 earnings came in on the high end of the projected range. Based on the updated outlook, the company is on pace for record earnings in 1Q15 and strong growth numbers throughout the year. Stifel rates Analog Devices at Buy.

Boston Scientific Corporation BSX 1.38%

Analysts raised their price target for Buy-rated Boston Scientific from $17.00 to $18.00 after the company announced a $600 million settlement with Johnson & Johnson JNJ 0.74% over a breach of contract dispute. The company’s management told Stifel that the full $600 million will be paid from the company’s cash on hand within 60 days, and the matter will be completely resolved moving forward.

Analysts believe this was a favorable outcome for the company, and the market seems to agree, as Boston Scientific is trading up 11 percent in Wednesday’s session.

Headwaters Inc HW 1.63%

Analysts raised their price target for Buy-rated Headwaters from $16.50 to $18.00. The price target increase is based on fresh 2016 EBITDA estimates and a 9.5x multiple.

Pebblebrook Hotel Trust PEB 1.54%

Analysts raised their price target for Buy-rated Pebblebrook from $50.00 to $55.00 based on a beat on Q4 funds from operations. Analysts note the aggressive property acquisition by the trust in 2014, and believe that company is in a position to continue to buy additional properties in 2015.

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