LinkedIn Corporation (LNKD) was reiterated a ‘Buy’ by Canaccord Genuity analysts on Monday. The broker however, cut its price target on the stock to $175 from $220 noting that “while [they] are trimming their estimates a bit further from where they landed following Q415, [they] believe they are achievable/beatable and suspect this price level will prove an attractive entry point”.
Shares of the online professional network operator have traded today between $117.04 and $120.70 with the price of the stock fluctuating between $98.25 to $268.79 over the last 52 weeks. The name has lost $2.02 to $117.33 in mid-day trading on Monday, giving the firm a market cap of roughly $15.50 billion. LNKD traded as high as $268.79 in March 11, 2015.
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Intel Corporation (INTC) was reiterated as ‘Buy’, but with a $36 from $40 price target on Monday by BofA/Merrill (BAC).
INTC began trading this morning at $30.59 to currently trade 1.34% higher from the prior days close of $30.63. On an intraday basis it has gotten as low as $30.50 and as high as $31.10.
On valuation metrics, Intel Corp. shares are priced at 13.33x this year’s forecasted earnings, compared to the industry’s 5.04x earnings multiple. The company’s current year and next year EPS growth estimates stand at 3.90% and 9.50%, respectively. INTC has a t-12 price-to-sales ratio of 2.61. EPS for the same period registers at $2.33.
Intel shares have advanced 4.40% in the last 4 weeks while declining 11.28% in the past three months. Over the past 5 trading sessions the stock has gained 2.79%. The Santa Clara, California-based chip maker, currently valued at $146.68 billion, has a median Wall Street price target of $37.00 with a high target of $45.00.
Intel Corp. is down 6.31% year-over-year, compared with a 3.82% loss in the S&P 500.
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Apple Inc. (AAPL) rating of ‘Overweight’ was reiterated today at Pacific Crest with a price target decrease of $127 from $132 (versus a $103.01 previous close).
Apple Inc. recently traded at $102.02, a loss of $0.99 over Friday’s closing price. The name has a current market cap of $565.66 billion.
As for passive income investors, Cupertino pays shareholders $2.08 per share annually in dividends, yielding 2.02%.
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Shares of Chipotle Mexican Grill, Inc. (CMG) are up marginally in midday trading after Credit Suisse (CS) reiterated its ‘Outperform’ rating while increasing their 12-month base case estimate on the name by 75 points to $550 a share.
CMG closed at $529.00 on Friday and is currently trading up $0.09.
In the past 52 weeks, shares of the restaurant chain have traded between a low of $399.14 and a high of $758.61 and are now trading at $529.09. Shares are down 21.10% year-over-year ; up 10.24% year-to-date.
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