Equity Analyst Updates: Chipotle a Conviction Buy, Qualcomm Sees Strong Demand, Giant Interactive a Long Idea

Chipotle Mexican Grill, Inc.(NYSE:CMG): Goldman said Chipotle’s Q4 results were exceptionally strong and they continue to see meaningful earnings upside in 2012. Shares are Conviction Buy rated.

Giant Interactive Group, Inc.(NYSE:GA): Giant Interactive named a long Research Tactical Idea at Morgan Stanley

QUALCOMM Incorporated(NASDAQ:QCOM): ThinkEquity raised its target on Qualcomm as the firm believes that the company reported strong results for its December quarter. The firm maintains a Buy rating on the stock. Goldman raised Qualcomm estimates given accelerating earnings growth driven by strong handset demand and chipset share gains. Shares are Conviction Buy rated.

Concur Technologies, Inc.(NASDAQ:CNQR): Oppenheimer raised its target on Concur after the company reported Q1 results that the firm views as solid. The firm expects Street estimates for Concur to increase, and it maintains an Outperform rating on the stock.

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