Apple Inc. (NASDAQ:AAPL) started with a Buy rating and assigned a 193 price target at HSBC. Apple is due to report earnings next week, and its shares have a 52-wk trading range of 104.08 – 164.94 and a consensus price target at 174.39.
Chipotle Mexican Grill Inc. (NYSE:CMG) maintained as Neutral with a 290 price target at Wedbush, with the firm noting same-store sales growth in line with estimates but with lower than expected margins and lower Y 2018 earnings risks. Telsey Advisory cut its rating to Market Perform from Outperform with a 330 price target. Credit Suisse maintained its Neutral rating, but said that its results and outlook were disappointing for those looking for a more meaningful recovery following multiple food safety events. Stifel has a Hold rating but lowered its target to 310 from 345. Chipotle has a 52-wk trading range of 295.11 – 499.00 and a consensus price target at 350.77.
General Motors C. (NYSE:GM) analysts downgraded to Equal Weight from Overweight with a $43 price target (versus a $46.48 close) at Morgan Stanley. GM closed up 2.9% at $46.48 on Tuesday and was indicated down 1.5% at $45.80 on Wednesday, and it has a 52-week range of $30.21 to $46.76. The consensus price target is $44.39.
3M Co. (NYSE:MMM) was raised to Neutral from Sell with a 229 price target at Goldman Sachs. Argus reiterated its Buy rating and raised its target to 260. Credit Suisse reiterated its Outperform rating and raised its target to 260 from 238. RBC Capital Markets maintained its Sector Perform rating and raised its 3M target to 209 from 205. Stifel maintained its Hold rating but raised the target to 244 from 220. The stock has a 52-wk trading range of 163.85 – 238.90 and a consensus price target at 215.31.
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