Apple (AAPL) PT Trimmed to $130 at Jefferies
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Apple (AAPL) Slammed on China Move to Devalue Yuan
August 11, 2015 2:04 PM EDTApple (NASDAQ: AAPL) is under heavy pressure Tuesday, dropping 4.8% mid-day to $113.90. In addition to Apple Watch all but being called a "flop," China's move to devalue the yuan is... More
Apple (AAPL) Watch Interest Lackluster, UBS Research Shows
August 11, 2015 9:06 AM EDTUBS analyst Steven Milunovich was out with a report today on Apple (NASDAQ: AAPL) noting that their latest Apple Watch monitor continues to find tepid search interest for the new product.
Milunovich notes online Apple Watch interest is trending lower. "Our latest Apple Watch Monitor continues to find lackluster interest as measured by global search activity," he said. "Interest is lower than for earlier Apple products as well as many consumer electronic launches."
The... More
Apple (AAPL) Defended Thrice... and It's Working
August 10, 2015 11:11 AM EDTMarket darling Apple (NASDAQ: AAPL) has been in the doldrums since earnings, in part on fear over decelerating iPhone growth. Today, however, shares are on the mend as not one, but three Wall Street analysts have come out to defend the name.
1. Bernstein analyst... More
Bernstein's Sacconaghi Lists Five Reasons Apple (AAPL) iPhone Units Might Grow Next Year
August 10, 2015 11:03 AM EDTAmid the 10% underperfofmance since earnings on July 21, Bernstein analyst Toni Sacconaghi laid out 5 reasons Apple (NASDAQ: AAPL) iPhone units may grow next year. The analyst also reiterated an Outperform rating and price target of $142, noting Apple is now the "least expensive stock on an EV/FCF basis among the 25 largest cap tech companies moreover, the stock's valuation currently implies that its FCF will decline at nearly 5% in... More
Nomura Defends Apple (AAPL)
August 10, 2015 10:23 AM EDTIn addition to defense from Oppenheimer earlier, Nomura Securities analyst Jeffrey Kvaal is also out defending Apple (NASDAQ: AAPL) today. The firm reiterated a Buy rating and $145 price target.
"We believe the significant strengthening in bearish sentiment over the... More
Apple (AAPL) Weakness Unjustified, Oppenheimer Says
August 10, 2015 9:04 AM EDTOppenheimer analyst Andrew Uerkwitz came out in defense of Apple (NASDAQ: AAPL) with shares down 12.5% since its recent high of $132 following quarterly results. The firm reiterated its Outperform rating and $155 price target.
Uerkwitz believe the weakness can be attributed to fear over decelerating iPhone growth, a slowing Chinese economy, and lack of new growth drivers.
"We believe discounting Apple based on these concerns is unjustified," the analyst said.
The analyst highlighted the... More
