Apple
The iPhone maker was subject to a price target trim to 115 from 121, courtesy of Barclays. That follows a price target cut to 121 from 123 from Pacific Crest on Monday.
As sales of Apple's smartphones cool off, earnings are expected to see declines for the next few quarters.
Apple shares fell 1 cent to 98.78 on the stock market today, but rose 2.2% for the week.
Nvidia
The graphics chipmaker received a downgrade to underperform from market perform from Wells Fargo, which cited possible growth headwinds due to competition from AMD (AMD) and Intel(INTC).
Mizuho initiated Nvidia at a buy rating with 60 price target.
Shares fell 1.2% to 52.70, a day after hitting a record high.
The graphics chipmaker received a downgrade to underperform from market perform from Wells Fargo, which cited possible growth headwinds due to competition from AMD (AMD) and Intel(INTC).
Mizuho initiated Nvidia at a buy rating with 60 price target.
Shares fell 1.2% to 52.70, a day after hitting a record high.
Chipotle Mexican Grill
Ahead of Chipotle's earnings results on Thursday, Morgan Stanley downgraded the beleaguered fast-casual burrito chain to equal weight with a 405 price target. The analyst said it could be years before Chipotle fully recovers from the series of foodborne illness outbreaks late last year.
Chipotle is expected to report a mere 93 cents in per-share profit, down from $4.45 a share in the prior-year quarter.
Shares were down lost 3.1% to 404.99.
Ahead of Chipotle's earnings results on Thursday, Morgan Stanley downgraded the beleaguered fast-casual burrito chain to equal weight with a 405 price target. The analyst said it could be years before Chipotle fully recovers from the series of foodborne illness outbreaks late last year.
Chipotle is expected to report a mere 93 cents in per-share profit, down from $4.45 a share in the prior-year quarter.
Shares were down lost 3.1% to 404.99.
Delta Air Lines
Evercore Partners handed Delta a downgrade to hold. The carrier reported Q2 results Thursday, topping on earnings but falling short of revenue projections.
Delta shares retreated 2.4% as travel stocks dipped after the deadly terror attack in Nice, France, late Thursday.
Evercore Partners handed Delta a downgrade to hold. The carrier reported Q2 results Thursday, topping on earnings but falling short of revenue projections.
Delta shares retreated 2.4% as travel stocks dipped after the deadly terror attack in Nice, France, late Thursday.
Celgene
And Stifel Nicolaus initiated coverage of the biotech at a buy. Shares have been bobbing around their 50-day moving average for several months. Celgene rose 1.4% to 102.85, back above the 50-day line. Celgene has not closed above its 200-day so far this year.
By: Elaine Low (Investor's Business Daily News).
Photo: Schaeffers Research.
Review: Emerging Market Formulations & Research Unit, FLAGSHIP RECORDS.
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And Stifel Nicolaus initiated coverage of the biotech at a buy. Shares have been bobbing around their 50-day moving average for several months. Celgene rose 1.4% to 102.85, back above the 50-day line. Celgene has not closed above its 200-day so far this year.
By: Elaine Low (Investor's Business Daily News).
Photo: Schaeffers Research.
Review: Emerging Market Formulations & Research Unit, FLAGSHIP RECORDS.
For The #FacebookTeam