Gleacher & Co. Maintains a 'Buy' on Apple (AAPL); Margin Structure Headed North Once Again...Target to $400
Tweet Send to a FriendGet Alerts AAPL Hot Sheet
Price: $443.90 +0.40%
Rating Summary:
52 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
52 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade AAPL Now!
Gleacher & Co. maintains a 'Buy' on Apple (NASDAQ: AAPL), raises PT from $355 to $400.
Gleacher analyst says, "Clearly with AAPL shares down only approximately 2% on Tuesday post Steve Jobs' announced medical leave, the investment community was anticipating a blowout quarter...they certainly got it. We believe highlights of the quarter include: 1) improved gross margin trajectory, and 2) robust iPad demand."
"We are raising our CY11 estimates to $104.1bil in revenue with gross margin of 39.4% and EPS of $24.50 (vs. previous levels of $91.4bil, gross margin of 37.8% and EPS of $20.00)."
For more ratings news on Apple click here and for the rating history of Apple click here.
Shares of Apple closed at $340.65 yesterday, with a 52 week range of $190.25-$348.48.
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
Gleacher analyst says, "Clearly with AAPL shares down only approximately 2% on Tuesday post Steve Jobs' announced medical leave, the investment community was anticipating a blowout quarter...they certainly got it. We believe highlights of the quarter include: 1) improved gross margin trajectory, and 2) robust iPad demand."
"We are raising our CY11 estimates to $104.1bil in revenue with gross margin of 39.4% and EPS of $24.50 (vs. previous levels of $91.4bil, gross margin of 37.8% and EPS of $20.00)."
For more ratings news on Apple click here and for the rating history of Apple click here.
Shares of Apple closed at $340.65 yesterday, with a 52 week range of $190.25-$348.48.
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)
- Apple (AAPL) Turns Positive
- UPDATE: MKM Partners Downgrades Alkermes (ALKS) to Sell
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
Steve Jobs
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!
