Alphabet To $160? Here Are 5 Other Price Target Changes for Wednesday

• Wells Fargo cut the price target on Alphabet Inc. GOOGL from $170 to $160. However, Wells Fargo analyst Brian Fitzgerald maintained the stock with an Overweight. Alphabet shares rose 4.2% to $109.45 in pre-market trading.
• Morgan Stanley raised 3M Company MMM price target from $126 to $131. 3M shares rose 0.4% to $141.33 in pre-market trading.
• Citigroup raised Chipotle Mexican Grill, Inc. CMG price target from $1,742 to $1,969. Chipotle shares rose 8.6% to $1,428.97 in pre-market trading.
• Wells Fargo reduced United Parcel Service, Inc. UPS price target from $270 to $223. UPS shares rose 0.1% to $181.75 in pre-market trading.
• Barclays cut McDonald's Corporation MCD price target from $289 to $285. McDonald's shares fell 0.1% to $256.83 in pre-market trading.
• Truist Securities lowered Roku, Inc. ROKU price target from $150 to $120. Roku shares rose 3.6% to $82.71 in pre-market trading.

Check out this: Alphabet Faces Several Price Target Cuts After Q2 Print, But This Analyst Disagrees