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Texas Instruments Inc.‘s (NYSE:TXN) price target has been reduced from $40 to $32 at Credit Suisse.
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Elan Corp. plc (NYSE:ELN): Deutsche Bank reduced its price target for Elan shares following Pfizer’s (NYSE:PFE) report of a negative top-line outcome from the first of two U.S. Phase III studies of possible Alzheimer’s disease treatment bapineuzumab. The firm thinks the second study has a better shot at success and maintains a Buy rating on Elan with a lowered price target. Deutsche Bank estimates a Tysabri-based value for shares in the $11.5-$13.5 range.
RadioShack Corp. (NYSE:RSH): Morgan Stanley reduced Q2 RadioShack estimates due to mobile headwinds after the Verizon (NYSE:VZ) Q2 report and possible Best Buy (NYSE:BBY) competition. Shares are rated Underweight.
Visa, Inc. (NYSE:V): Barclays thinks lagging worldwide growth is of predominant concern for Visa and MasterCard (NYSE:MA) and that Q2 outcomes and commentary will verify the slowdown. Barclays persists in seeing risk/reward as unfavorable and maintains its Sell ratings on both.
McDonald’s Corp. (NYSE:MCD): UBS reduced McDonald’s Corp.’s price target to $99 from $104.
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