Chipotle Gets Price Target Boost, UPS Not Expected to Deliver

JM Smucker (SJM) is upgraded, Chipotle (CMG) gets a price target boost but UPS (UPS) is not expected to deliver in Wednesday's Analysts' Actions.
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JM Smucker (SJM) is upgraded, Chipotle (CMG) gets a price target boost but UPS (UPS) is not expected to deliver in Wednesday's Analysts' Actions. JM Smucker's purchase of Big Heart Pet Brands was seen as a good deal, according to Deutsche Bank analysts who upgraded shares to BUY from HOLD. The investment firm said the deal should help boost shareholder value. Investors weren't impressed with slowing comparable sales at Chipotle this quarter, but Sterne Agee bets on future growth. Analysts raised the burrito chain's price target to $760 on solid earnings momentum. A buy rating was reiterated. And UPS had its full-year profit estimates lowered at Credit Suisse as the delivery company struggles to keep expenses low during peak season. Fiscal 2015 estimates were slashed to $5.15 a share from $5.73 a share and a NEUTRAL rating was reiterated.