Analysts turned their attention to a variety of companies this week, including Marriott International (MAR) - Get Marriott International, Inc. (MAR) Report, Tesla (TSLA) - Get Tesla Inc Report and Apple undefined.
Tesla was upgraded to equal-weight from underweight by Morgan Stanley analyst Adam Jones, who also raised his share price target by $310 to $1,060 a share.
Price Target Changes
Apple (AAPL) - Get Apple Inc. (AAPL) Report received a pair of price target increases: Wedbush Securities' Dan Ives, who raised his price target to $515 a share, up $35 from his prior estimate; and Deutsche Bank analyst Jeriel Ong raised his price target by $40 to $480 a share, calling it "one of the highest quality stocks in our coverage."
Wells Fargo analyst Zachary Fadem raised his price target on Home Depot to $300 from $295, while keeping an overweight rating on the shares. Fadem also raised his price target on Lowe's to $180 from $165 and kept an overweight rating on the shares.
Morgan Stanley analyst Simeon Gutman raised his price target on Home Depot to $285 from $260, while keeping an overweight rating on the shares. Gutman also raised his price target on Lowe’s to $160 from $150 with an overweight rating.
Inovio Pharmaceuticals (INO) - Get Inovio Pharmaceuticals, Inc. Report had its price target cut by analysts at Stifel by a third following its wider-than-expected second quarter loss. Analysts at the firm cut Inovio's price target to $16 a share from $24.