Barclays Reiterates an 'Overweight' on Apple (AAPL); Mac Refresh Soon, Plus Smaller Tablet More Likely
Tweet Send to a FriendGet Alerts AAPL Hot Sheet
Price: $442.72 +0.31%
Rating Summary:
52 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 17 | Down: 16 | New: 29
Rating Summary:
52 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 17 | Down: 16 | New: 29
Trade AAPL Now!
Barclays reiterates an 'Overweight' on Apple (NASDAQ: AAPL) price target of $750.00.
Analyst, Ben A. Reitzes, said, "NPD US data indicates that Mac units were down 13.5% y/y in April following a 16% y/y decline in March (units grew 6% y/y in February). Despite these declines, we believe Apple continues to benefit from international growth. We also believe data reflects a pause ahead of new products, which we believe will be released in June, including new iMacs, MacBook Pros and MacBook Airs."
As far as the iPad goes, Reitzes sees Apple adding Form Factor in the 7" range this fall. A smaller iPad won't dilute current sales, rather the company is just keeping up with competition.
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 $558.22 yesterday, with a 52 week range of $310.50-$644.00.
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
Analyst, Ben A. Reitzes, said, "NPD US data indicates that Mac units were down 13.5% y/y in April following a 16% y/y decline in March (units grew 6% y/y in February). Despite these declines, we believe Apple continues to benefit from international growth. We also believe data reflects a pause ahead of new products, which we believe will be released in June, including new iMacs, MacBook Pros and MacBook Airs."
As far as the iPad goes, Reitzes sees Apple adding Form Factor in the 7" range this fall. A smaller iPad won't dilute current sales, rather the company is just keeping up with competition.
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 $558.22 yesterday, with a 52 week range of $310.50-$644.00.
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
You May Also Be Interested In
- iPhone Sell-Through Tracking Ahead of Consensus, Says Morgan Stanley (AAPL)
- KeyBank Upgrades MDC Holdings (MDC); Cuts PulteGroup (PHM) & Ryland Group (RYL)
- Topeka Capital Upgrades Pacific Sunwear of California (PSUN) to Buy
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
Barclays
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
