Apple Target Lowered on Uncertainty and 3 Investor Insights Making Rounds
Fresenius Medical Care AG & Co. KGAA (NYSE:FMS): Current Price: $33.23
The company has been added to European Key Call list at UBS.
Chipotle Mexican Grill, Inc. (NYSE:CMG): Current Price: $278.16
Jefferies predicts that Chipotle shares will be down meaningfully following the company’s preannouncement of weaker than expected Q4 earnings. According to the firm, it continues to become clear that Chipotle’s same-store-sales and modest pricing is unable to maintain margins and could yield 2013 earnings below consensus. Jefferies has decided to reiterate its Underperform rating and a $215 price target on the stock.
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Apple Inc. (NASDAQ:AAPL): Current Price: $495.78
Bank of America Merrill Lynch has reduced Apple’s price target due to increased demand uncertainty. Shares keep a Buy rating.
Micron Technology Inc. (NASDAQ:MU): Current Price: $7.67
According to JMP Securities, industry sources have begun to suggest that smartphones’ memory is poised to see a significant increase during 2014. Because of this, the firm increased its FY14 EPS estimate for Micron to 55c compared to the consensus estimate of 48c, as it keeps its Outperform rating on the stock.
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