Fifth & Pacific (:FNP): Imperial Capital sees the pullback in shares of Fifth & Pacific after Burberry’s earnings miss as a potential for purchasing. The firm thinks Fifth & Pacific’s fundamentals are still stable and maintains an Outperform rating on the stock.
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Chipotle Mexican Grill, Inc. (NYSE:CMG) has been moved by Goldman to its top placement in the QSR group due to its new unit productivity and traffic trends, and ROIC. Goldman rates shares a Conviction Buy.
ADTRAN Inc. (NASDAQ:ADTN): Argus lowered its target on Adtran following the company’s pre-announcement of notably lower than hoped Q3 revenue. The firm believes the stock is appealing at present levels, though, and holds to a Buy rating.
Apple Inc. (NASDAQ:AAPL): Needham elevated its June quarter earnings estimate for Apple to demonstrate increased iPad assumptions. The firm now plans on Apple to ship 20M iPads in the quarter and thinks it’s only a matter of time until iPad shipments surpass iPhone shipments. Needham maintains a Buy rating on Apple with a price target of $620.
Informatica Corporation (NASDAQ:INFA) has been lowered by Susquehanna due to execution issues and limited visibility, with shares rated Neutral.
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