Cowen Reiterates Outperform Rating and $155 PT on Apple (AAPL) Ahead of FQ2 Report; 'Better iPhone ASP on Continued Strong Shift Toward 7+'

Cowen reiterates Outperform rating and $155 price target on Apple (NASDAQ: AAPL) ahead of the company's 2017 fiscal second quarter report.

Analyst notes revenues and EPS estimates for the company at $53B/$2.02 with upside to $54.6B/$2.14 on better iPhone ASP, while commodity and component price could possible pressure margins.

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 $143.65 yesterday.

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