Company News: AAPL, GOOG, F, CMG, CSCO, S, MU

• Apple (NASDAQ:AAPL) is working on new versions of the iPhone that may help to counter the progress of competing handsets based on Google’s (NASDAQ:GOOG) Android software

• Ford (NYSE:F) traded higher after the company said it would cut its debt load by another $3 billion.

• Wells Fargo downgraded Chipotle Mexican Grill (NYSE:CMG) from Market Perform to Underperform

• JP Morgan downgraded Cisco Systems (NASDAQ:CSCO) from Overweight to Neutral

• Goldman Sachs downgraded Sprint Nextel (NYSE:S) from Buy to Neutral

• Wells Fargo downgraded Micron Technology (NYSE:MU) from Outperform to Market perform

SPRINT NEXTEL (S): Free Stock Analysis Report
MICRON TECH (MU): Free Stock Analysis Report

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