Apple (AAPL) New Products In-Line with Expectations, Sees Shares Performing Well Into Year End - Mizuho

September 8, 2016 7:06 AM EDT
Get Alerts AAPL Hot Sheet
Price: $116.60 -0.39%

Rating Summary:
    62 Buy, 8 Hold, 5 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 14 | Down: 11 | New: 8
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Mizuho Securities analyst Abhey Lamba reiterated a Buy rating and $120 price target on Apple (NASDAQ: AAPL) after the company announced the iPhone 7 and the Apple Watch Series 2. The analyst notes the new products are largely in-line with expectations and they expect the stock to perform well into year-end.

Lamba commented, "Upgraded iPhone features include larger storage tiers and improved components while Watch upgrades include faster processor/GPU and built-in GPS. Apple could gain from improvement in product mix, which could help offset some margin pressure. We remain positive on the stock with a $120 PT."

For an analyst ratings summary and ratings history on Apple click here. For more ratings news on Apple click here.

Shares of Apple closed at $108.36 yesterday.

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