Qualcomm Inc. (NASDAQ:QCOM): Macquarie reiterates its Outperform rating on Qualcomm following Wednesday’s analyst day and believes that the company’s continued technology leadership and broad array of applications give the Qualcomm a leading position as the industry shifts to cloud computing. The firm raised its price target to $85 from $75.
Angie’s List Inc. (NASDAQ:ANGI): Piper Jaffray said it remains positive on shares of Angie’s List given its belief that the 2014 consensus estimates are achievable. The firm lowered its price target for Angie’s List shares to $27 from $29 and reiterates an Overweight rating on the stock.
Philip Morris International (NYSE:PM): Goldman downgraded Philip Morris to Neutral from Conviction Buy following disappointing fiscal year 2014 guidance due to lower volumes, weaker end market demand, and higher investment spending; the analyst lowered its price target on Philip Morris to $95 from $103.
Consolidated Edison Inc. (NYSE:ED) Jefferies downgraded Consolidated Edison to Underperform from Hold, as the firm believes that the company will be unable to reach a settlement in its current electric, gas and steam rate case. The firm lowered its price target for Consolidated Edison shares to $49 from $60.
Investing Insights: Can Siemens Break Higher?