In Wednesday’s Analysts’ Actions, Wall Street firms are making some price target changes on Apple (AAPL), Nike (NKE) and Yahoo! (YHOO) stocks. Apple’s price target got a boost at JMP Securities to $160 from $150. The tech giant earlier this week said that pre-orders are very strong for the new iPhone 6s and the 6s Plus. JMP analysts believe that Apple can be meet 80 million in iPhone sales or beat those numbers in the December quarter. This is higher than the 74.5 million sales it had a year ago. The firm is keeping its MARKET OUTPERFORM rating. In another note, Deutsche Bank raised its price target on Nike stock to $125 from $120 Wednesday morning. Even though China’s economy is slowing, the athletic industry remains strong. Analysts also said that Nike’s China ‘reset’ plan is driving share. The firm is keeping its BUY rating. Last but not least, Yahoo!’s price target was lowered at MKM Partners to $43 from $53. Again, analysts noted China’s unpredictable macro conditions. On top of that, the firm mentioned Yahoo’s proposed plan to spin-off Alibaba (BABA), saying the tax status of that has become ‘unusually complicated with timing.’ But, the firm is keeping its BUY rating on the stock. TheStreet’s U-Jin Lee reports from New York.
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