Market Overview

UPDATE: Stifel Nicolaus Cuts PT to $725 on Apple; Reiterates Buy Rating

Share:
Related AAPL
Gilead Sciences, Verizon Communications, And MGM Resorts Report Q2 Results This Week
Get To Know This Tech ETF
Eidelman Virant Capital Buys Ally Financial Inc, Apple Inc, Atento S. ... (GuruFocus)

Stifel Nicolaus reiterated Apple (NASDAQ: AAPL) at Buy but reduced its price target from $825.00 to $725.00.

Stifel Nicolaus noted, "While we believe it would be easy to make a Dec. qtr upside call into earnings (1/23; AMC), the various supply-chain inputs/noise makes for a tough near-term call. While we expect solid F1Q13 results, we reduce our target price to $725 (was $825) to reflect lower forward expectations and our expectation of ongoing investor angst over the coming months as we continue to evaluate increasingly choppy supply-chain data points, what looks to be accelerating competitive momentum at Samsung an others (Blackberry 10, Google, Win8, etc.), continued proliferation of low-cost Android devices, increased questions over a needed meaningful iOS refresh in the face of a changing cloud-enabled digital consumption world, and China Mobile possibilities."

Apple closed at $485.92 on Tuesday.

Latest Ratings for AAPL

DateFirmActionFromTo
Jul 2017Loop CapitalInitiates Coverage OnBuy
Jul 2017Morgan StanleyMaintainsOverweight
Jun 2017MizuhoDowngradesBuyNeutral

View More Analyst Ratings for AAPL
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Price Target Intraday Update Analyst Ratings

 

Related Articles (AAPL)

View Comments and Join the Discussion!