China iPhone Sales Get Mixed Analyst Reception; Apple (AAPL) is Back Above $500
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Mizuho Securities Cuts PT on Apple (AAP) to $600
December 17, 2012 10:54 AM ESTMizuho Securities lowered its price target on Apple (NASDAQ: AAPL) from $750 to $600 but maintained a Buy rating.
For an analyst ratings summary and ratings history on Apple click here. For more ratings news on Apple click here.
Shares of Apple closed at $509.79 yesterday, with a 52 week range of $378.31-$705.07.... More
BMO Capital Takes a Hatchet to Apple (AAPL) after Asia Visit
December 17, 2012 9:20 AM ESTBMO Capital cut their price target on Outperform-rated Apple (NASDAQ: AAPL) from $730 to $670 and reduced estimates following a five day Asia visit and meeting with 32 companies.
"We received both positive and negative comments on Apple in Asia, and return from Asia a bit more negative on Apple. On the positive side, we think the iPhone 5 launch has started well with both China Telecom and China Unicom. China Unicom sold 300k iPhone 5 in pre-orders. Contacts we met with seemed very encouraged by the iPhone 5 launch in China, which happened last week,... More
Canaccord Genuity Cuts Est., PT on Apple (AAPL) on Softer iPad Sales and Mix, Lower iPhone Sales
December 17, 2012 8:48 AM ESTCanaccord Genuity cuts estimates and its price target on Apple (NASDAQ: AAPL) from $800 to $750 due to softer iPad sales and mix, slightly lower iPhone sales. However, the Buy rating was maintained.
"While our November channel checks indicated very strong sales of the iPhone 5, we are slightly lowering our F2013 and F2014 iPhone and iPad estimates due to... More
Pacific Crest Cuts Apple (AAPL) Price Target to $565
December 17, 2012 8:36 AM ESTPacific Crest cut its price target on Outperform-rated Apple (NASDAQ: AAPL) from $645 to $565.
For an analyst ratings summary and ratings history on Apple click here. For more ratings news on Apple click here.
Shares of Apple closed at $509.79 yesterday, with a 52 week range of $378.31-$705.07.... More
Morgan Stanley Defends Apple (AAPL)
December 17, 2012 7:52 AM ESTMorgan Stanley reiterated its Buy rating and $714 price target on Apple (NASDAQ: AAPL), saying iPhone and iPad demand remains strong. The firm also said iPad mini cannibalization concerns are overdone. Apple is the stock to own in early 2013, according to the firm, and... More
Apple's (AAPL) China Number a 'Big Print' Topeka's Brian White Says
December 17, 2012 7:47 AM ESTTopeka Capital's Brian White reiterated his Buy rating and $1,111 price target on Apple (NASDAQ: AAPL) Monday following news that the company sold 2 million iPhone 5 in China during the opening weekend.
"In our view, this represents a big print for Apple and... More
Apple's (AAPL) China iPhone 5 Data Should 'Quell Investor Concerns' - Sterne Agee
December 17, 2012 7:24 AM ESTSterne Agee's Shaw Wu reiterated his Buy rating and $840 price target on Apple (NASDAQ: AAPL) Monday after the company announced over 2 mm iPhone 5's sold in its opening weekend in China.
"This is a strong number and should help quell investor concerns," Wu... More
Citi Downgrades Apple (AAPL) to Neutral; Recent iPhone Order Cut Brings Demand into Question
December 17, 2012 6:37 AM ESTCiti downgraded Apple (NASDAQ: AAPL) from Buy to Neutral, lowering its price target from $675 down to $575.
The firm cautioned on slowing iPhone demand with the latest iPhone 5 launch in 40 new markets receiving mixed results. Analyst Glen Yeung said, "...near-term supply chain order cuts, while inconclusive in nature, bring into question the strength of iPhone5 and refocus... More
Chinese Snap-Up iPhone 5s; Apple (AAPL) Sells 2 Million in Opening Weekend
December 16, 2012 8:16 PM ESTApple, Inc. (NASDAQ: AAPL) announced late Sunday night that it sold over two million iPhone 5s in China since launching the device on Friday, December 14. The figure from the iPhone maker comes despite reports on Friday that the device was being met with weak... More
