Market Overview

UPDATE: Topeka Capital Markets Reiterates Buy Rating on Apple

Share:
Related AAPL
Bob Seger Finally Joined The Streaming World: Here Are 8 Music Icons Still Holding Out
Saving The Uber Kalanick Built
Warren Buffett's 5 Highest-Quality Companies (GuruFocus)

Topeka Capital Markets reiterates a Buy rating on Apple (NASDAQ: AAPL) and a price target of $1,111.

Topeka Capital Markets notes, “Apple Monitor tracks sales trends across the Taiwan supply chain at leading Apple suppliers that generate a high percentage of revenues from Apple products. We use the Apple Monitor to augment our own checks and research, rather than as a standalone tool, as new product launches and inventory adjustments can sometimes skew monthly results. We estimate 50-60% of sales in the Apple Monitor are derived from Apple. Revenues for the Apple Monitor are shown on an aggregate basis and the individual companies are not disclosed.”

Apple closed at $605.88 on Friday.

Latest Ratings for AAPL

DateFirmActionFromTo
Jun 2017MizuhoDowngradesBuyNeutral
Jun 2017Pacific CrestDowngradesOverweightSector Weight
Apr 2017Morgan StanleyMaintainsOverweightOverweight

View More Analyst Ratings for AAPL
View the Latest Analyst Ratings

Posted-In: Topeka Capital MarketsAnalyst Color Reiteration Analyst Ratings

 

Related Articles (AAPL)

View Comments and Join the Discussion!