Form 8-K Apple Inc. For: Aug 20

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Go back to Form 8-K Apple Inc. For: Aug 20

Melius Reiterates Buy Rating on Apple (AAPL) Post CFO Departure

August 27, 2024 5:15 AM EDT

Melius analyst Ben Reitzes reiterated a Buy rating and $265.00 price target on Apple (NASDAQ: AAPL)

The analyst comments "Maestri Moving on at Apple after 10+ Years As CFO: Well, we thought this could happen sometime soon since CFOs don't typically do it longer than 10 years just about anywhere. Kevan Parekh (incoming Apple CFO on 1/1/25) has been more visible with the investment community lately and Luca Maestri (60) just celebrated his 10-year anniversary as CFO (he joined as the VP of Finance and corporate controller in 2013). Parekh worked with Maestri at... More

Citi Reiterates Buy Rating on Apple (AAPL)

August 27, 2024 5:12 AM EDT

Citi analyst Atif Malik reiterated a Buy rating and $255.00 price target on Apple (NASDAQ: AAPL).

The analyst comments "Apple announced today that Luca Maestri, who became the companys CFO in 2014, will step down on 1/1/2025 but stay with the company for... More

JPMorgan Reiterates Overweight Rating on Apple (AAPL) post CFO Departure

August 27, 2024 5:11 AM EDT

JPMorgan analyst Samik Chatterjee reiterated an Overweight rating and $265.00 price target on Apple (NASDAQ: AAPL).

The analyst comments "Apple announced a succession plan for the CFO role, with current CFO Luca Maestri set to hand over the baton to Kevan Parekh, VP of Financial Planning and Analysis, at the start of 2025. Incoming CFO Kevan Parekh, while less known by investors, has been with Apple for 11 years and currently leads Financial Planning and Analysis,... More

Evercore ISI Reiterates Outperform Rating on Apple (AAPL)

August 27, 2024 5:10 AM EDT

Evercore ISI analyst Amit Daryanani reiterated an Outperform rating and $250.00 price target on Apple (NASDAQ: AAPL)

The analyst comments "ALL YOU NEED TO KNOW: Apple issued a press release after market close announcing that Luca Maestri will step down from his role as CFO on... More

KeyBanc Reiterates Sector Weight Rating on Apple (AAPL) Post CFO Departure

August 27, 2024 4:59 AM EDT

KeyBanc analyst Brandon Nispel reiterated a Sector Weight rating on Apple (NASDAQ: AAPL).

The analyst comments "AAPL announced CFO Luca Maestri will transition to a new role on January 1, 2025, and Kevan Parekh, Apple's VP of FP&A, will become the new... More

Piper Sandler Reiterates Neutral Rating on Apple (AAPL) Post CFO Departure

August 27, 2024 4:58 AM EDT

Piper Sandler analyst Harsh Kumar reiterated a Neutral rating and $225.00 price target on Apple (NASDAQ: AAPL).

The analyst comments "Apple announced a CFO transition plan, with current CFO Luca Maestri stepping away from the role on January 1, 2025. Long-time VP... More

Morgan Stanley Reiterates Overweight Rating on Apple (AAPL) Post CFO Departure

August 27, 2024 4:57 AM EDT

Morgan Stanley analyst Erik Woodring reiterated an Overweight rating and $273.00 price target on Apple (NASDAQ: AAPL)

The analyst comments "Luca Maestri, aged 60, will have been Apple's CFO for 10 years at the time of his transition, and is well-regarded both internally at Apple, and... More

BofA Securities Reiterates Buy Rating on Apple (AAPL) Post CFO Departure

August 27, 2024 4:56 AM EDT

BofA Securities analyst Wamsi Mohan reiterated a Buy rating and $256.00 price target on Apple (NASDAQ: AAPL).

The analyst comments "After market close on Aug 26th Apple announced that Mr. Kevan Parekh, Apples VP of Financial Planning and Analysis, will take over the CFO position from current CFO Luca Maestri starting Jan 1, 2025. Given Mr. Parekhs long tenure with the company, and given the transition... More