Barclays reiterates an 'Overweight/Top Pick' on Apple (NASDAQ: AAPL); International Sales Provides Relief; Stay The Course for iPhone 5
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Price: $433.26 -0.3%
Rating Summary:
52 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
52 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade AAPL Now!
Barclays reiterates an 'Overweight' on Apple (NASDAQ: AAPL) price target raised from $730 to $750.
Analyst, Ben A. Reitzes, said, "We recommend "staying the course" into what we believe will be a major iPhone 5 launch this fall. While Apple's outlook and global research points toward decelerating iPhone sales through September, we believe we are well within the 6-month range when shares benefit in anticipation of major product cycles."
Barclays sees Q3 EPS at $9.62, lowers Q4 EPS from $11.30 to $10.05, but raises FY12 from $44.45 to $45.81. FY13 raised from $50.95 to $52.00 on revs of $190.5 bln.
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 $560.28 yesterday, with a 52 week range of $310.50-$644.00.
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Analyst, Ben A. Reitzes, said, "We recommend "staying the course" into what we believe will be a major iPhone 5 launch this fall. While Apple's outlook and global research points toward decelerating iPhone sales through September, we believe we are well within the 6-month range when shares benefit in anticipation of major product cycles."
Barclays sees Q3 EPS at $9.62, lowers Q4 EPS from $11.30 to $10.05, but raises FY12 from $44.45 to $45.81. FY13 raised from $50.95 to $52.00 on revs of $190.5 bln.
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 $560.28 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
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