Market Overview

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

Related AAPL
S&P 500 Gives Up 2,000 On Volume
Apple Inc.'s Record-Breaking iPhone 6 Sales The Result Of 'Pent-Up Demand'
Want to be a Smartphone Critic? Don't Talk About the Quality…of the Call! (Fox Business)

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
Sep 2014Pacific Crest SecuritiesDowngradesOutperformSector Perform
Sep 2014Goldman SachsMaintainsBuy
Sep 2014Mizuho SecuritiesMaintainsBuy

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...

Partner Network

Get Benzinga's Newsletters