More love for Apple, an analyst loses faith in teen retail, and another turns cold on Panera Bread, all in Friday’s Analysts’ Actions. Apple is at record highs but BMO Capital believes its stock price can go even higher. Analysts raised price targets BY $5 to $135 a share. Credit Suisse downgraded Gap and Abercrombie & Fitch to UNDERPERFORM from NEUTRAL. Analysts said they grow increasingly cautious on earnings turnarounds at the retailers. Panera Bread had its price target cut by $9 to $173 a share. Analysts said investment in future growth continues to be a threat to earnings growth this year and the next.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source