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AAPL

Apple

$116.98

-0.36 (-0.31%)

08:10
10/14/16
10/14
08:10
10/14/16
08:10

Apple estimates raised at Morgan Stanley on confidence in next 'supercycle'

Morgan Stanley analyst Katy Huberty raised her estimates for Apple for the second half of this calendar year on better than expected iPhone7 demand, but added that she believes higher near-term iPhone estimates are largely priced into shares. The real catalyst for the stock, however, is the FY18 "supercycle," in which Huberty is increasingly confident, she tells investors. Noting that the iPhone installed base is 60% larger, but that unit estimates are just 6% higher compared to iPhone 6, the analyst said she sees the potential for "meaningful" FY18 estimate revisions. Huberty keeps an Overweight rating on Apple and raised her price target on the shares to $124 from $123.

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    Mar

AAPL Apple
$116.98

-0.36 (-0.31%)

10/12/16
10/12/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Apple (AAPL) upgraded to Positive from Negative at OTR Global with the firm saying its checks indicate iPhone 7 launch orders are above last year's model launch, with fourth quarter order gains and stable inventories. 2. Procter & Gamble (PG) upgraded to Buy from Hold at Argus with analyst John Staszak citing the company's plans to accelerate Research & Development and advertising spending, as well as recent positive earnings surprises. 3. Barracuda (CUDA) upgraded to Overweight from Neutral at Piper Jaffray with analyst Andrew Nowinski saying the company reported "another strong quarter" and its transition to a subscription-based cloud portfolio is nearly complete. 4. AMD (AMD) upgraded to Neutral from Underperform at Credit Suisse with analyst John Pitzer saying near-term momentum will continue to offset longer-term concerns around lack of scale. 5. Motorola Solutions (MSI) upgraded to Outperform from Market Perform at BMO Capital with analyst Tim Long saying he expects organic revenue growth to return later this year and sees the company's investment in smart public safety software to help expansion beyond hardware. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/13/16
PACS
10/13/16
NO CHANGE
Target $129
PACS
Overweight
Apple price target raised to $129 from $121 at Pacific Crest
Pacific Crest analyst Andy Hargreaves said he believes current iPhone expectations are "reasonable" and that he expects Apple to report September quarter hardware revenue that is largely in line with current consensus. He also sees the potential for upside to EPS and gross margins in the quarter, given the strong App Store download activity the company discussed at its iPhone launch event and the likelihood that its monetization of "Pokemon Go" was solid. The analyst raised his price target on Apple shares to $129 from $121 and keeps an Overweight rating on the stock.
10/13/16
BERN
10/13/16
NO CHANGE
BERN
Apple to have in-line Q4 results, Q1 guidance beat, says Bernstein
Bernstein analyst A.M. Sacconaghi, Jr. expects Apple to report in-line Q4 results and provide higher than expected Q1 revenue and iPhone sales guidance. However, the analyst says it's " too soon to have conviction on the strength of the iPhone 7 cycle." Sacconaghi, Jr. maintains that the extra week in this year's December quarter will be offset by a lower expected channel build this year and seven fewer, high volume launch sales days in the quarter this year. The analyst raised the price target on the stock to $135 from $125 and keeps an Outperform rating on the shares.
10/14/16
PIPR
10/14/16
NO CHANGE
Target $151
PIPR
Overweight
Piper's teen survey shows spike in iPhone share
Piper Jaffray analyst Gene Munster says his firm's survey of over 10,000 teens indicates Apple's share of smartphone ownership has spiked. 74% of teens said they have an iPhone versus 69% in the Spring survey, while 79% of teens expect their next device to be an iPhone versus 75% in the Spring, Munster tells investors in a research note. He notes that this is the largest survey-over-survey change since Spring to Fall in 2014. Munster views the survey as a positive data point on how consumers are viewing the new iPhone 7. He keeps an Overweight rating on Apple shares with a $151 price target. The stock closed yesterday down 36c to $116.98.

TODAY'S FREE FLY STORIES

SBCF

Seacoast Banking

$23.70

-0.53 (-2.19%)

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FXI

iShares Trust FTSE/Xinhua China 25 Fund

$38.76

0.3 (0.78%)

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NEM

Newmont Mining

$37.35

0.34 (0.92%)

, WCN

Waste Connections

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0.2099 (0.25%)

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WCN

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XPO

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FSLR

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TXRH

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TEX

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PZZA

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WLL

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$11.61

0.5 (4.50%)

SPN

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DEPO

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CDE

Coeur Mining

$9.20

0.315 (3.55%)

14:26
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Options
Coeur Mining call volume above normal and directionally bullish »

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Canada Retail Sales Preview »

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VLKAY

Volkswagen

$30.87

-0.65 (-2.06%)

, TTM

Tata Motors

$34.20

0.74 (2.21%)

14:24
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Periodicals
Volkswagen, Tata Motors in advanced partnership talks, Economic Times says »

Volkswagen (VLKAY) and…

VLKAY

Volkswagen

$30.87

-0.65 (-2.06%)

TTM

Tata Motors

$34.20

0.74 (2.21%)

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QSR

Restaurant Brands

$57.56

3.66 (6.79%)

, PLKI

Popeyes

$66.12

-0.26 (-0.39%)

14:24
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Periodicals
Popeyes declined rival bid from Arby's, Bloomberg reports »

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QSR

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$57.56

3.66 (6.79%)

PLKI

Popeyes

$66.12

-0.26 (-0.39%)

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14:21
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General news
Stocks drifting near all-time best levels »

Stocks remain in positive…

$NSD

NASDAQ Market Internals

14:18
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Technical Analysis
NASDAQ Market Internals summary »

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$NYE

NYSE Market Internals

14:17
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NYSE Market Internals summary »

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PBI

Pitney Bowes

$13.74

0.35 (2.61%)

14:11
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Options
Bullish option flow in Pitney Bowes »

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HD

Home Depot

$144.01

1.0148 (0.71%)

14:08
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EXAS

Exact Sciences

$19.91

-0.26 (-1.29%)

14:08
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Upgrade
Exact Sciences rating change  »

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AG

First Majestic

$9.86

-0.2 (-1.99%)

14:06
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First Majestic call volume above normal and directionally bullish »

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DVA

DaVita

$68.36

1.46 (2.18%)

, CI

Cigna

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CI

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2.18 (1.52%)

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AJG

Arthur J. Gallagher

$56.41

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EXAS

Exact Sciences

$19.91

-0.26 (-1.29%)

13:55
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  • 21

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IMPV

Imperva

$45.70

0.8 (1.78%)

, CHKP

Check Point

$101.21

0.21 (0.21%)

13:51
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Homeland Security having problems with computer systems, Reuters reports »

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IMPV

Imperva

$45.70

0.8 (1.78%)

CHKP

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$101.21

0.21 (0.21%)

SYMC

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0.33 (1.16%)

PANW

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QLYS

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1.35 (3.94%)

FFIV

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0.11 (0.08%)

FTNT

Fortinet

$37.46

0.215 (0.58%)

CUDA

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$23.93

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FEYE

FireEye

$11.83

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PFPT

Proofpoint

$81.84

0.31 (0.38%)

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K

Kellogg

$74.11

1.21 (1.66%)

13:51
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Options
Hefty call spread in Kellogg as shares rally »

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  • 21

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DBD

Diebold

$29.60

-0.5 (-1.66%)

13:47
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Conference/Events
Diebold to host investor day »

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MNK

Mallinckrodt

$53.66

-1.0799 (-1.97%)

13:46
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Options
Mallinckrodt call volume above normal and directionally bullish »

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  • 01

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HAS

Hasbro

$98.50

0.86 (0.88%)

13:45
02/21/17
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Hasbro management to meet with Wells Fargo »

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  • 21

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KFY

Korn/Ferry

$30.46

-0.1498 (-0.49%)

, GSK

GlaxoSmithKline

$41.50

0.16 (0.39%)

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Korn Ferry Futurestep partners with GlaxoSmithKline over talent acquisition »

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KFY

Korn/Ferry

$30.46

-0.1498 (-0.49%)

GSK

GlaxoSmithKline

$41.50

0.16 (0.39%)

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13:35
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General news
NY Fed accepted $163.3 B in daily reverse repos »

NY Fed accepted $163.3 B…

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