Citi Lifts Price Target on Apple (AAPL); Says Buy Ahead of Earnings
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Price: $311.51 +0.07%
Rating Summary:
45 Buy, 28 Hold, 9 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
45 Buy, 28 Hold, 9 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Citi raised its price target on Buy-rated Apple (NASDAQ: AAPL) from $435 to $450 ahead of earnings on July 19th.
The firm said checks show that iPhone demand is surprisingly strong and they raised their estimates from 16 million units to 18 million, which is above the consensus of 16.5-17 million. The firm also sees iPad shipments of 8 million, which is above the consensus of 7.5 million.
For more ratings news on Apple click here and for the rating history of Apple click here.
Shares of Apple closed at $353.75 yesterday.
The firm said checks show that iPhone demand is surprisingly strong and they raised their estimates from 16 million units to 18 million, which is above the consensus of 16.5-17 million. The firm also sees iPad shipments of 8 million, which is above the consensus of 7.5 million.
For more ratings news on Apple click here and for the rating history of Apple click here.
Shares of Apple closed at $353.75 yesterday.
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