Market Overview

UPDATE: Canaccord Genuity Cuts PT to $750 on Apple on Softer Mix, Sales

Share:
Related AAPL
Weekly Tech Highlights: Apple's 3 New iPhones, BlackBerry's Big Win And More
Oppenheimer: 4 Tech Stocks That Are Technical Buys
A Day In The Life (Seeking Alpha)

Canaccord Genuity reiterated its Buy rating on Apple (NASDAQ: AAPL) but reduced its price target from $800 to $750.

Canaccord Genuity said, "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 softer sales expectations in international markets, primarily in Europe. While order reductions to iPhone suppliers are not unusual this time of year, we believe reduced iPhone 5 orders for the March quarter could also indicate an earlier launch of new iPhone products in the June quarter."

Apple closed at $509.79 on Friday.

Latest Ratings for AAPL

DateFirmActionFromTo
Mar 2015Credit SuisseMaintainsOutperformOutperform
Mar 2015Cantor FitzgeraldMaintainsBuy
Mar 2015Cowen & CompanyMaintainsOutperform

View More Analyst Ratings for AAPL
View the Latest Analyst Ratings

Posted-In: Canaccord GenuityAnalyst Color Price Target Intraday Update Analyst Ratings

 

Related Articles (AAPL)

Around the Web, We're Loving...