Coverage Reiterated: Apple (AAPL), Coca-Cola (KO), FedEx (FDX), Starwood Hotels & Resorts (HOT)

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Apple Inc. (AAPL) was reiterated a ‘Buy’ by Credit Agricole analysts on Thursday. The broker however, cut its price target on the stock to $128 from $130.

In the past 52 weeks, shares of the iPhone maker have traded between a low of $92.00 and a high of $134.54 and are now trading at $100.91.

Shares are down 17.28% year-over-year and 3.41% year-to-date.

The Coca-Cola Company (KO) was reiterated as ‘Outperform’ with a $51 from $47 price target on Thursday by RBC Capital Markets.

Coca-Cola is currently printing a higher than average trading volume with the issue trading 12.60 million shares, compared to the average volume of 15.18 million. The stock began trading this morning at $44.84 to currently trade 0.11% lower from the prior days close of $44.81. On an intraday basis it has gotten as low as $44.74 and as high as $45.19.

The Atlanta, Georgia-based company, currently valued at $194.62 billion, has a median Street price target of $47.00 with a high target of $54.00.

KO is up 13.79% year-over-year, compared with a 3.71% loss in the S&P 500.

FedEx Corporation (FDX) rating of ‘Sector Perform’ was reiterated today at RBC Capital Markets with a price target decrease of $153 from $157 (versus a $141.73 previous close). RBC said it’s trimming their Q316 EPS estimates by 8 cents to $1.32 to reflect higher than expected peak season costs.

Shares of FedEx are down 0.97% at $140.35 as of this writing.

Shares of Starwood Hotels & Resorts Worldwide Inc. (HOT) are down $0.46 to $69.11 in midday trading. This morning UBS reiterated its ‘Neutral’ rating and increased its 12-month base case estimate on the name by 6 points to $70 a share.

Starwood Hotels & Resorts recently traded at $69.20, a loss of $0.37 over Wednesday’s closing price. The name has a current market cap of $11.68 billion.

As for passive income investors, the company pays shareholders $1.50 per share annually in dividends, yielding 2.13%. Five year average dividend yield currently stands at 1.61%.

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