• Cowen & Co. cut the price target on Chipotle Mexican Grill, Inc. (NYSE:CMG) from $2,250 to $1,950. Chipotle shares rose 6.1% to $1,549.97 in pre-market trading.
• Needham lowered Cerence Inc. (NASDAQ:CRNC) price target from $165 to $78. Cerence shares rose 0.1% to $45.82 in pre-market trading.
• Keybanc lowered Masco Corporation (NYSE:MAS) price target from $79 to $72. Masco shares fell 3.6% to $57.00 in pre-market trading.
• Piper Sandler boosted the price target for Paycom Software, Inc. (NYSE:PAYC) from $498 to $505. Paycom Software shares rose 7.8% to $361.00 in pre-market trading.
• Raymond James reduced the price target on Haemonetics Corporation (NYSE:HAE) from $70 to $66. Haemonetics shares rose 3.8% to $56.65 in pre-market trading.

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• JP Morgan lowered Big Lots, Inc. (NYSE:BIG) price target from $54 to $31. Big Lots shares dropped 4.8% to $37.56 in pre-market trading.
• Telsey Advisory Group boosted the price target for Peloton Interactive, Inc. (NASDAQ:PTON) from $30 to $40. Peloton Interactive shares rose 3.8% to $38.70 in pre-market trading.
• Wedbush cut the price target on Lyft, Inc. (NASDAQ:LYFT) from $77 to $50. Lyft shares fell 3.7% to $39.69 in pre-market trading.
• Needham reduced JFrog Ltd. (NASDAQ:FROG) price target from $71 to $32. JFrog shares rose 0.4% to $26.53 in pre-market trading.
• Oppenheimer raised Amgen Inc. (NASDAQ:AMGN) price target from $272 to $285. Amgen shares rose 0.2% to $241.50 in pre-market trading.

Check out other big price target changes here