Barclays Maintains an 'Overweight' on Apple (AAPL); Weekly Monitor - Solid Checks for Macs
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Price: $443.85 +0.57%
Rating Summary:
52 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 19 | Down: 21 | New: 29
Rating Summary:
52 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 19 | Down: 21 | New: 29
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Barclays maintains an 'Overweight' rating on Apple (NASDAQ: AAPL), PT $390.
Barclays analyst says, "We continue to believe Apple's valuation is attractive and that shares can benefit from strong iPad demand, the continued ramp of iPhone 4, significant international expansion and a pipeline of new innovations...NPD released October US sales data indicating that total PC unit sales grew 5% y/y in October vs. 10% y/y in September, but the industry did continue to benefit from better mix. Mac units in October grew 20% y/y, representing 15% unit share (+2pts y/y) and 28% value share (+2pts y/y)...In some Apple stores where we observe customers, it seems sales of the new MacBook Airs have more upside vs. expectations than iPads. As a result, we believe Macs could have more upside vs. consensus than iPads in Apple's December quarter."
For more ratings news on Apple click here and for the rating history of Apple click here.
Shares of Apple closed at $301.59 yesterday, with a 52 week range of $188.68-$320.18.
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Barclays analyst says, "We continue to believe Apple's valuation is attractive and that shares can benefit from strong iPad demand, the continued ramp of iPhone 4, significant international expansion and a pipeline of new innovations...NPD released October US sales data indicating that total PC unit sales grew 5% y/y in October vs. 10% y/y in September, but the industry did continue to benefit from better mix. Mac units in October grew 20% y/y, representing 15% unit share (+2pts y/y) and 28% value share (+2pts y/y)...In some Apple stores where we observe customers, it seems sales of the new MacBook Airs have more upside vs. expectations than iPads. As a result, we believe Macs could have more upside vs. consensus than iPads in Apple's December quarter."
For more ratings news on Apple click here and for the rating history of Apple click here.
Shares of Apple closed at $301.59 yesterday, with a 52 week range of $188.68-$320.18.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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