Price Target Changed: Qualcomm (QCOM), Adobe Systems (ADBE), 3M Company (MMM), Yahoo (YHOO)

Qualcomm Incorporated (QCOM) was reiterated a ‘Neutral’ by Mizuho analysts on Tuesday. The broker also raised its price target on the stock to $49 from $47.

QCOM currently prints a one year loss of about 24% and a year-to-date return of around 3%.

Adobe Systems Incorporated (ADBE) was reiterated as ‘Market Perform’ with a $115 from $100 price target on Tuesday by FBR Capital. The firm believes Adobe is experiencing healthy demand and that it can achieve over 30% EPS growth in FY16.

Shares of Adobe are up 0.33% at $93.27 as of this writing.

3M Company (MMM) rating of ‘Buy’ was reiterated today at Jefferies with a price target increase of $187 from $175 (versus a $166.59 previous close).

MMM was up $1.76 at $168.35 in late morning trading on Tuesday, moving within a 52-week range of $134.00 to $168.40. The name, valued at $101.99 billion, opened at $167.01.

On valuation measures, 3M Co. shares are currently priced at 22.21x this year’s forecasted earnings. Ticker has a t-12 price/sales ratio of 3.33. EPS for the same period registers at $7.58.

As for passive income investors, the firm pays stockholders $4.44 per share annually in dividends, yielding 2.66%.

Shares of Yahoo! Inc. (YHOO) are up $0.15 to $36.63 in mid-day trading after Axiom Capital reiterated its ‘Hold’ rating and increased its 12-month base case estimate on the name by 4 points to $36 a share.

Yahoo shares have advanced 11.15% in the last 4 weeks and 19.10% in the past three months. Over the past 5 trading sessions the stock has lost 1.46%. The struggling Palo Alto, Calif.-based internet company, which is currently valued at $34.69 billion, has a median Wall Street price target of $37.00 with a high target of $51.00. YHOO is down 19.26% year-over-year ; up 9.68% since the beginning of the year.

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