Market Overview

UPDATE: Canaccord Genuity Cuts PT to $750 on Apple on Softer Mix, Sales

Share:
Related AAPL
And The Oscar Goes To... Apple
Buffett's Bucket List Buys: The Oracle Making Unexpected Plays Late In The Game
Stocks Set To Open Near Highs: Workday, Priceline Earnings Due; Trump Looms (Investor's Business Daily)

Canaccord Genuity reiterated its Buy rating on Apple (NASDAQ: AAPL) but reduced its price target from $800 to $750.

Canaccord Genuity said, "While our November channel checks indicated very strong sales of the iPhone 5, we are slightly lowering our F2013 and F2014 iPhone and iPad estimates due to softer sales expectations in international markets, primarily in Europe. While order reductions to iPhone suppliers are not unusual this time of year, we believe reduced iPhone 5 orders for the March quarter could also indicate an earlier launch of new iPhone products in the June quarter."

Apple closed at $509.79 on Friday.

Latest Ratings for AAPL

DateFirmActionFromTo
Jan 2017BarclaysDowngradesOverweightEqual-Weight
Jan 2017OTR GlobalDowngradesNegative
Jan 2017GuggenheimInitiates Coverage OnBuy

View More Analyst Ratings for AAPL
View the Latest Analyst Ratings

Posted-In: Canaccord GenuityAnalyst Color Price Target Intraday Update Analyst Ratings

 

Related Articles (AAPL)

View Comments and Join the Discussion!