Apple Gets Price Target Boost, BMO Starts Coverage on Ford and GM

Apple (AAPL) gets a lift, new coverage for Ford (F), General Motors (GM) and TripAdvisor (TRIP) are Tuesday's Analysts' Actions. Apple's price target and earnings estimates were raised at BMO Capital. The new target for the stock price is $113 from $110 and earnings estimates were raised to $7.90 from $7.62 for fiscal 2015, and to $8.24 from $8.08 for fiscal 2016. Apple has been hovering around the $100 dollar mark. The firm also reiterated its OUTPERFORM rating for Apple. Susquehanna is now covering American automakers. The firm is starting its coverage of both Ford and General Motors with NEUTRAL ratings. Susquehanna gives Ford a price target of $14 and GM a price of $30 a share. Oppenheimer initiated coverage of TripAdvisor with an OUTPERFORM rating and a $99 price target, that's about a 16% to the upside from where the stock is currently trading. The firm said it believes TripAdvisor has an attractive, robust business model. TheStreet's Susannah Lee reports from New York.