Cantor Fitzgerald Defends Apple (AAPL); Valuation 'Irrational'
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August 25, 2015 8:05 AM EDT
Nomura Securities reiterated a Buy rating and $145.00 price target on Apple (NASDAQ: AAPL) following an update by CEO, Time Cook. Mr. Cook indicated internal updates as of yesterday morning showed China growth to be strong. With pricing in a ~%15 decline, Analyst Jeffrey Kvaal said... More
August 24, 2015 10:26 AM EDT
Apple (NASDAQ: AAPL) nears green on the session after trading down to $92 earlier.
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August 24, 2015 10:21 AM EDT
FBR Capital analyst Daniel Ives has come out to defend Apple (NASDAQ: AAPL) amid the 25% sell-off since earnings. The analyst reiterated an Outperform rating and $175 price target.
Ives commented, "It has been a miserable, dark period for Apple investors since the company reported June results, as shares are down 25% with negative China sentiment, market fears... More
August 24, 2015 9:45 AM EDT
By Devika Krishna Kumar
(Reuters) - Apple Inc's Chief Executive Tim Cook took an unusual step of reassuring shareholders on Monday in comments to CNBC about the iPhone maker's business in China ahead of a dramatic 13 percent drop and rebound in its stock that put it in positive territory.
Chinese consumers are critical to fueling demand for iPhones, and a slump in the country's stock market and Beijing's recent devaluation of the yuan have shaken Apple investors already worried about slowing growth in the world's No. 2 economy.
With Chinese stocks plunging close to 9 percent earlier... More
