This morning, Bank of America increased its price target on shares of Apple (NASDAQ:AAPL) to $600 as the company should see an additional 20 to 30 million iPhones sold once it is available on the China Mobile network. In the report, Bank of America maintained its neutral rating. Shares of Apple were lower on Tuesday, falling 0.4% despite the report.
Citigroup increased its price target on shares of FedEx (NYSE:FDX) to $170 as the company's buyback will add to earnings on a per share basis. In the report, Citigroup reiterated its buy rating. Shares of FDX were also lower today, falling 0.4% as well.
Jefferies increased its price target on shares of Adobe (NASDAQ:ADBE) to $65 as the company's subscriber growth is expected to remain strong. In the report, Jefferies maintained its buy rating. Shares of Adobe were lower by 0.5% today.
And Deutsche Bank initiated coverage on shares of 3D Systems (NYSE:DDD) with a buy rating as the company is seeing increased customer demand. In the report, Deutsche Bank noted that 3D Systems should be able to expand margins and set a $95 price target. Shares of 3D Systems were higher by 4.7% on the news.
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