Market Overview

UPDATE: Stifel Nicolaus Cuts PT to $725 on Apple; Reiterates Buy Rating

Share:
Related AAPL
Analysts See China Swing Factoring In Apple's Q2
Deutsche Bank Previews Apple's Earnings
New Tech Powers Car Buying As People Want Safety Most (Investor's Business Daily)

Stifel Nicolaus reiterated Apple (NASDAQ: AAPL) at Buy but reduced its price target from $825.00 to $725.00.

Stifel Nicolaus noted, "While we believe it would be easy to make a Dec. qtr upside call into earnings (1/23; AMC), the various supply-chain inputs/noise makes for a tough near-term call. While we expect solid F1Q13 results, we reduce our target price to $725 (was $825) to reflect lower forward expectations and our expectation of ongoing investor angst over the coming months as we continue to evaluate increasingly choppy supply-chain data points, what looks to be accelerating competitive momentum at Samsung an others (Blackberry 10, Google, Win8, etc.), continued proliferation of low-cost Android devices, increased questions over a needed meaningful iOS refresh in the face of a changing cloud-enabled digital consumption world, and China Mobile possibilities."

Apple closed at $485.92 on Tuesday.

Latest Ratings for AAPL

DateFirmActionFromTo
Apr 2015FBR CapitalInitiates Coverage onOutperform
Apr 2015Maxim GroupInitiates Coverage onHold
Apr 2015Raymond JamesDowngradesOutperformMarket Perform

View More Analyst Ratings for AAPL
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Price Target Intraday Update Analyst Ratings

 

Related Articles (AAPL)

Around the Web, We're Loving...