This morning, Jefferies upgraded shares of Chipotle (NYSE:CMG) from underperform to hold as the company is seeing lower food costs and improving same store sales. With the upgrade, Jefferies set a $400 price target. Shares of CMG were higher on Tuesday, picking up 1.3% so far.
Canaccord Genuity initiated coverage on shares of Anadarko Petroleum (NYSE:APC) with a buy rating as the company has the ability to grow production both onshore and offshore. With the buy rating, Canaccord set a $115 price target. Shares of Anadarko were higher by just over 1% today.
Leerink Swann increased its EPS estimates on shares of Merck (NYSE:MRK) through 2014 as lower R&D costs will help improve earnings over the next few quarters. In the report, Leerink Swann maintained its market perform rating and set a price target of $48.40. Shares of Merck were higher by 1.5% today.
And Wedbush Morgan upgraded shares of Urban Outfitters (NASDAQ:URBN) from neutral to outperform following strong earnings from the company this week. In the report, Wedbush Morgan noted that the earnings momentum can continue and set a $52 price target. Shares of Urban Outfitters were higher by more than 9% on Tuesday.
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