Top 5 Analyst Stories Of The Week

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1. There are speculations of
Apple IncAAPLhaving chosenIntel CorpINTC
as its supplier of LTE chips in 2016. This would mark a substantial loss for
Qualcomm IncQCOM
. "My suspicion is the reason Qualcomm's buyback didn't have more teeth is because of this rumor," Sean Udall, CIO of Quantum Trading Strategies and author of the TechStrat Report, told Benzinga. 2. In the not-so-distant-future, consumers could be lining up outside their nearest Apple retail outlet, not for a new device, rather for an upgrade. "They could upgrade [users] a couple times for a reasonable cost so you might get far, far more life [out of the Apple Watch] than the current consensus [anticipates],"
said Sean Udall
, CIO of Quantum Trading Strategies and author of The TechStrat Report. 3. Shares of
GoPro IncGPRO
slipped $1.76, or 4.5 percent, to $38.37 in Monday's session. "With no significant news to
bolster the issue
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, it is continuing lower after a weak session on Friday," said Joel Elconin, the co-host of Benzinga's #PreMarket Prep. JMP Securities analysts believe investors should buy GoPro before it doubles. 4. Citi analyst Jim Suva
raised the price target
on Apple from $135 to $145, while maintaining a Buy rating. Suva cited higher Apple Watch ASPs and higher capital return expectations as the reasons for the changed price target. 5. Wells Fargo analysts, led by Maynard Um, downgraded
EMC CorpEMC
from Outperform to Market Perform, while lowering the valuation range from $31-$34 to $26-$28. The
revised rating
followed a meeting with management and reflected the opinion that the stock could remain range-bound.
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Posted In: Analyst ColorDowngradesPrice TargetAnalyst RatingsCitiJim SuvaJMP SecuritiesJoel ElconinQuantum Trading StrategiesWells Fargo
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