Market Overview

Munster Says Apple Could Announce Increased Dividend, Buyback With Q2 Results

Share:
Related AAPL
Apple, 'Game Of Thrones' Produced A 'Super Successful Launch' For HBO Now
2 Apple Charts This Expert Is Tracking
Samsung S6 And iPhone 6 Successes May Be A Pain For Qualcomm (Seeking Alpha)

Piper Jaffray analyst Gene Munster sees very limited downside in shares of Apple (NASDAQ: AAPL) going forward.

Expectations for the iPhone 6 are low, meaning a worst-case scenario for investors would be announcements do not move the stock in either direction, according to Munster.

Management is also in a favorable position to defend the stock using a modest dividend increase, or repurchases with March quarter earnings, said the Piper analyst.

Munster is expecting iWatch announcements in the second half of 2014.

The analyst reiterated an Overweight rating and $640 price target.

Shares of Apple are up 0.13 percent to $543.30 in Wednesday's pre-market trading.

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: Gene Munster Piper JaffrayAnalyst Color News Dividends Buybacks Analyst Ratings

 

Related Articles (AAPL)

Around the Web, We're Loving...