Raymond James Upgrades Apple (AAPL) to Outperform
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July 27, 2016 7:57 AM EDT
Credit Suisse analyst K. Garcha reiterated an Outperform rating and $150 price target on Apple (NASDAQ: AAPL) while bumping estimates higher.
Garcha commented, "Apple reported F3Q16 slightly better than expected results with revenues of $42.4bn (-16.2% qoq/-14.6% yoy) and EPS of $1.42 vs.... More
July 27, 2016 6:58 AM EDT
Needham & Company analyst Laura Martin reiterated a Strong Buy rating and $150 price target on Apple (NASDAQ: AAPL) following Q3 results, proclaiming 'the worst is behind us'.
Martin commented, "AAPL reported FY3Q16 revenue of $42.358B (down 15% y/y), and EPS of $1.42 (down 23% y/y). Both were in line with our estimates. AAPLs fundamentals momentum should improve in FY4Q16 owing to the introduction of the iPhone 7, plus $400mm (our estimate) of Pokemon Go revenue at 100% margins, which we believe will allow faster EPS growth than guidance. AAPLs FY1Q17 should benefit from... More
July 27, 2016 6:45 AM EDT
Nomura Securities analyst Jeffrey Kvaal reiterated a Buy rating and $120 price target on Apple (NASDAQ: AAPL) following better than feared Q3 results. The analyst said the inventory clearance tees up 2H16.
Kvaal commetned, "iPhone demand was evidently never as bad as Apple feared; F3Q shipments were slightly better... More
July 26, 2016 4:31 PM EDT
Apple (NASDAQ: AAPL) reported Q3 EPS of $1.42, $0.04 better than the analyst estimate of $1.38. Revenue for the quarter came in at $42.4 billion versus the consensus estimate of $42.09 billion.
The company sold 40.399 million iPhones in the quarter versus the consensus of 40 million. The company sold 9.95... More
