China fears propel Apple shares toward five-day losing streak

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Apple (AAPL) Watch Estimates Cut, iPhone Estimates Raised at BMO Capital

July 10, 2015 8:02 AM EDT

BMO Capital analyst Keith Bachman raised iPhone estimates while trimming Watch estimates on Apple (NASDAQ: AAPL). The firm maintained an Outperform rating and price target of $145.

In FY2016, they are raising iPhone estimates by 3.5 million to 233 million units and lowering Watch estimates by 3 million to 27.5 million units. In the June 2015... More