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Upgrades for Allergan and Chipotle, Amazon Downgraded


In Tuesday's Analysts' Actions, calls on Allergan, Chipotle and Amazon. UBS is uprgrading shares of Allergan (AGN) and Chipotle Mexican Grill (CMG). Allergan is now rated a 'buy' at UBS with a price target of $200 a share from $180. UBS is also making a bullish call on Chipotle, raising the price target on the shares to $600 from $530. UBS said Chipotle 'blew away expectations on the top and bottom line' for its second quarter earnings. UBS has a 'neutral' rating on the stock. A downgrade from Citi is putting pressure on shares of Amazon (AMZN). Citi (C) is downgrading Amazon to a 'neutral' from a 'buy' rating and lowering its price target to $395 from $414. Citi says Amazon lacks transparency and management continues to invest heavily in the business. TheStreet's Susannah Lee has the details from Wall Street.