Barclays Maintains an 'Overweight' on Apple (AAPL); In-Cell Display Improves; More Insight on iPhone 5
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Price: $441.35 +0.38%
Rating Summary:
52 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Rating Summary:
52 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Trade AAPL Now!
Barclays maintains an 'Overweight' on Apple (NASDAQ: AAPL) price target of $750.00.
Analyst, Ben Reitzes, said, "With Improved Outlook on In-Cell Displays We Are Expecting a Strong C4Q iPhone 5 Ramp: It appears Apple has improved the sensitivity of its in-cell screens via a firmware update. As a result the visibility for iPhone 5 display production has improved and we believe there is less downside risk to production numbers." (expect iPhone 5 launch mid-to-late Sept in limited quantities)
"NPD PC Shows Mac Units Down 6% Y/Y in July: NPD US data indicates that Mac units were down 6% y/y in July. Despite recent declines, we believe that Apple continues to benefit from international growth opportunities and the refresh of the MacBook lines." (Expect 26% qtr-over-qtr growth to 5.1 million units in F4Q12)
"We believe that Apple is disrupting whole sectors, extracting profits and revenues
from companies in the PC, mobility, printing, and even retail sectors."
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 $630.00 yesterday, with a 52 week range of $354.24-$644.00.
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Analyst, Ben Reitzes, said, "With Improved Outlook on In-Cell Displays We Are Expecting a Strong C4Q iPhone 5 Ramp: It appears Apple has improved the sensitivity of its in-cell screens via a firmware update. As a result the visibility for iPhone 5 display production has improved and we believe there is less downside risk to production numbers." (expect iPhone 5 launch mid-to-late Sept in limited quantities)
"NPD PC Shows Mac Units Down 6% Y/Y in July: NPD US data indicates that Mac units were down 6% y/y in July. Despite recent declines, we believe that Apple continues to benefit from international growth opportunities and the refresh of the MacBook lines." (Expect 26% qtr-over-qtr growth to 5.1 million units in F4Q12)
"We believe that Apple is disrupting whole sectors, extracting profits and revenues
from companies in the PC, mobility, printing, and even retail sectors."
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 $630.00 yesterday, with a 52 week range of $354.24-$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
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