Yahoo (NASDAQ:YHOO): Citigroup raised its price target for Yahoo shares from $31 to $39, citing recent strong user growth and search trends as well as a higher valuation for the company’s stake in Alibaba. Citi views the risk/reward for shares as positive and keeps a Buy rating on Yahoo.
Chipotle (NYSE:CMG): Morgan Stanley upgraded Chipotle to Overweight from Equal Weight. The firm’s survey indicates that Chipotle scores high in perceived value, which is a good indication of future traffic gains and pricing. The shares’ price target is $485.
Exxon Mobil (NYSE:XOM): Morgan Stanley lowered Exxon Mobil 2014 estimates to reflect lower refining projections given larger mid-con refining exposure. The firm’s earnings per share estimate for the 2014 fiscal year is now $7.15 versus consensus of $8.02, and the shares have been reiterated as Underweight.
Deckers Outdoor (NASDAQ:DECK): After meeting with Deckers’s management, Sterne Agee believes the company’s Ugg brand has stabilized, enabling the stock to work. The firm thinks the company’s results will likely surpass its guidance if the winter is cold. It keeps a $68 price target and a Buy rating on the shares.