Price Target Changes: Twitter (TWTR), Apple (AAPL), eBay (EBAY), Akamai (AKAM), Chipotle (CMG)

Twitter, Inc. (TWTR) was reiterated a ‘Buy’ by UBS analysts on Wednesday. The broker however slashed its price target on the stock to $24 from $30 following the mixed 1Q16 report. Pivotal Research also cut its price target on the social media company to $27 from $39, noting weak Q1 results and Q216 results suggest a worse-than-expected FY2016.  Meanwhile, RBC Capital maintained a ‘Sector Perform’ rating, but lowered its TWTR price target to $20 from $23.
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Apple Inc. (AAPL) was reiterated as ‘Outperform’ with $110 from $120 price target on Wednesday by FBN Securities. The name was also lowered to $117 from $130 at BMO Capital, to $153 from $172 at Piper Jaffray, and to $136 from $155 at Goldman Sachs (GS) following Cupertino’s earnings miss, which clearly disappointed the Street. Goldman also removed AAPL from its “Conviction Buy List”, it maintains however a ‘Buy’ rating.
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eBay Inc. (EBAY) rating of ‘Sector Perform’ was reiterated today at RBC Capital Markets with a price target decrease of $28 from $29 (versus a $24.49 previous close).

EBAY was up $0.78 at $25.26 in midday trade, moving within a 52-week range of $21.52 to $29.83. The name, valued at $28.87 billion, opened at $25.33.

On valuation measures, eBay Inc. shares are currently priced at 17.82x this year’s forecasted earnings. Ticker has a t-12 price/sales ratio of 3.36. EPS for the same period registers at $1.42.
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Shares of Akamai Technologies, Inc. (AKAM) are up $1.60 to $54.26 in midday trading. RBC Capital Markets reiterated this morning its ‘Sector Perform’ rating and decreased its 12-month base case estimate on the name by 3 points to $59 a share.

Akamai shares have declined 4.13% in the last 4 weeks while advancing 13.98% in the past three months. Over the past 5 trading sessions the stock has gained 2.55%. Cambridge Massachusetts-based company, currently valued at $9.56 billion, has a median Street price target of $63.50 with a high target of $75.00.

Akamai Technologies Inc. is down 31.65% year-over-year, compared with a 0.72% loss in the S&P 500.
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Shares of Chipotle Mexican Grill, Inc. (CMG) are down $25.27 at $420.65, after UBS this morning lowered its price target on the shares to $450 from $460, and reiterated a ‘Neutral’ rating.

Shares of the $12.43 billion market cap company are down 30.73% year-over-year  and 7.07% since the beginning of the year.

Chipotle Mexican Grill Inc., currently with a median Wall Street price target of $495 and a high target of $605, dropped $25.27 to $420.64 in recent trading.

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