Today’s Important Price Target Changes

Credit Suisse lowered the price target on IBM (NYSE: IBM) to $158.00 from $163.00 while maintaining its Outperform rating ahead of Q3 results, noting that currency headwinds are growing and all eyes will be on consulting demand. The analysts remain positive on the stock despite macroeconomic uncertainty but believe Q4 guidance will come in lower on the currency headwinds.

UBS raised the price target on McKesson (NYSE: MCK) to $410.00 from $400.00 while reiterating a Buy rating.

Morgan Stanley lowered the price target on General Electric (NYSE: GE) to $85.00 from $95.00 while reiterating its Overweight rating.

BofA Securities lowered the price target on Willis Towers Watson (NASDAQ: WTW) to $197.00 from $210.00 while reiterating an Underperform rating.

CLSA lowered the price target on JD.com, Inc (NASDAQ: JD) to $85.00 from $92.00 while reiterating a Buy rating.

Raymond James lowered the price target on Union Pacific (NYSE: UNP) to $230.00 from $250.00 while reiterating a Strong Buy rating.

By Davit Kirakosyan

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