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AAPL

Apple

$119.75

0.64 (0.54%)

07:20
01/12/17
01/12
07:20
01/12/17
07:20

Apple fiscal 2017 estimates lowered below consensus at Wells Fargo

Wells Fargo lowered its fiscal 2017 revenue and EPS estimates for Apple significantly below Street levels. The firm says that its December checks showed that supplies of most models of the iPhone 7 and iPhone 7 Plus were either "readily available" or "reasonable" in the U.S. Wells thinks this may indicate that demand for the devices dropped. It believes that the company's guidance for its March quarter could miss expectations, and it keeps a Market Perform rating on the stock.

  • 31

    Jan

AAPL Apple
$119.75

0.64 (0.54%)

01/04/17
01/04/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Guggenheim analyst Robert Cihra initiated Apple (AAPL) with a Buy rating and $140 price target, stating that while iPhones have slowed to now being cyclical he thinks the company can stay a step ahead of commoditization by maintaining its lead in software with iOS and processing with the Ax chip. 2. JPMorgan analyst Cory Kasimov started Global Blood Therapeutics (GBT) with an Overweight rating and $25 price target. If successful, the company's GBT440 would be the first new sickle cell disease therapy approved in two decades, Kasimov tells investors. 3. Needham analyst Laura Martin initiated Priceline (PCLN) with a Buy and a $1,800 price target due to its market lading position, history of execution, and OTA ecosystem competitive advantages. 4. Canaccord analyst Richard Close initiated Teladoc (TDOC) with a Buy rating and $24 price target. Close said Teladoc is the first mover, industry leader and the only publicly traded telemedicine company. 5. Guggenheim analyst Robert Cihra initiated Tesla (TSLA) with a Buy rating and $280 price target, as he acknowledges it faces a number of risks but also has "nearly open-ended growth disrupting the trillion-dollar auto market." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/05/17
LBOW
01/05/17
NO CHANGE
LBOW
Apple 'near trough' valuation creates buying opportunity, says Longbow
After conducting checks, Longbow analyst Shawn Harrison says he expects "a good, not great iPhone 7 cycle." However, he says that the company's "near trough relative valuation represents a buying opportunity into a potentially much more robust next-gen iPhone cycle." Harrison keeps a $140 price target and a Buy rating on the stock.
01/09/17
MSCO
01/09/17
NO CHANGE
Target $148
MSCO
Overweight
Apple called a top U.S. IT Hardware pick for 2017 at Morgan Stanley
Morgan Stanley analyst Katy Huberty named Apple as a top pick in U.S. IT Hardware in 2017, saying that the market is "focusing too much on near-term supply chain noise" and not enough on the upcoming iPhone supercycle along with the potential positives of cash repatriation and U.S. tax reform. Of these, Huberty believes the iPhone supercycle is most debated by investors who see China as a risk, but her view is that consumer loyalty to Apple remains high in China. Huberty has an Overweight rating and $148 price target on Apple shares.
01/09/17
DRXL
01/09/17
NO CHANGE
DRXL
Apple remains underappreciated, says Drexel Hamilton
Drexel Hamilton analyst Brian White said all the companies in his Apple Monitor have reported December sales that came in better than historical seasonality. Final December sales for the Apple Monitor fell by 2%, but were better than the average decrease of 11% over the past eleven years, and compare favorably to the five year average of down 6%. White believes Apple is one of the most underappreciated stocks in the world. Near-term, the analyst expects Tim Cook to make Apple grow again in Q1 on the back of the iPhone 7 and a happy holiday season, while he looks forward to the launch of the iPhone 8 in September 2017 and more color on future innovations. Additionally, White said potentially favorable tax repatriation policies could act as a positive catalyst for Apple shares. The analyst rates Apple a Buy with a $185 price target on shares.

TODAY'S FREE FLY STORIES

P

Pandora

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0.13 (2.65%)

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ALLY

Ally Financial

$28.77

0.12 (0.42%)

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  • 08

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ACER

Acer Therapeutics

$14.15

-0.42 (-2.88%)

09:02
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Acer Therapeutics 917K share Spot Secondary priced at $12.00 »

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  • 12

    Dec

ACM

Aecom

$38.51

-0.06 (-0.16%)

09:02
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Aecom raises five-year adjusted EPS growth forecast to 12%-15% »

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  • 12

    Dec

OAS

Oasis Petroleum

09:00
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Oasis Petroleum 32M share Spot Secondary priced at $9.55 »

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  • 12

    Dec

PRSC

Providence Service

$58.26

0.08 (0.14%)

09:00
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Syndicate
Providence Service 320K share Block Trade priced at $56.75 »

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  • 12

    Dec

DXTR

Dextera Surgical

$0.14

-0.003 (-2.14%)

09:00
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Breaking Hot Stocks news story on Dextera Surgical »

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GKOS

Glaukos

$24.85

-1.11 (-4.28%)

08:59
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Recommendations
Glaukos analyst commentary  »

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GLYC

GlycoMimetics

$14.32

-0.65 (-4.34%)

08:57
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Recommendations
GlycoMimetics analyst commentary  »

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  • 19

    Dec

08:56
12/12/17
12/12
08:56
12/12/17
08:56
General news
Redbook Store Sales data reported »

Week of 12/9 Redbook…

BAC

Bank of America

$28.94

-0.11 (-0.38%)

, T

AT&T

$36.90

0.17 (0.46%)

08:55
12/12/17
12/12
08:55
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08:55
Options
Notable open interest changes for December 12th »

Monday's total…

BAC

Bank of America

$28.94

-0.11 (-0.38%)

T

AT&T

$36.90

0.17 (0.46%)

AAPL

Apple

$172.67

3.3 (1.95%)

MU

Micron

$43.01

-0.2 (-0.46%)

03/08/13
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  • 19

    Dec

  • 09

    Jan

08:55
12/12/17
12/12
08:55
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General news
Treasury Action: yields extended their rise »

Treasury Action: yields…

HI

Hillenbrand

$45.10

-0.45 (-0.99%)

08:55
12/12/17
12/12
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Conference/Events
Hillenbrand to host investor day »

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  • 12

    Dec

ARGX

Argenx

$54.47

24.02 (78.88%)

08:54
12/12/17
12/12
08:54
12/12/17
08:54
Technical Analysis
Technical View: Argenx falls after filing to sell $150M in ADSs »

In premarket trading the…

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URBN

Urban Outfitters

$32.27

-0.82 (-2.48%)

08:53
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Recommendations
Urban Outfitters analyst commentary  »

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  • 08

    Jan

H

Hyatt

$71.90

-0.39 (-0.54%)

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Syndicate
Hyatt 2.7M share Block Trade priced at $71.00 »

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  • 25

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AGN

Allergan

$172.76

4.96 (2.96%)

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Allergan receives FDA clearance for CoolSculpting treatment »

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  • 25

    Mar

GRMN

Garmin

$61.96

-0.31 (-0.50%)

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Garmin analyst commentary  »

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08:50
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FX Action: The dollar »

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ESL

Esterline

$70.80

0.95 (1.36%)

08:49
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Esterline analyst commentary  »

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BA

Boeing

$283.16

-2.74 (-0.96%)

08:48
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Recommendations
Boeing analyst commentary  »

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RYCEY

Rolls-Royce

$11.08

-0.145 (-1.29%)

08:46
12/12/17
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Hot Stocks
Rolls-Royce launches R2 Data Labs to accelerate data innovation »

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AAOI

Applied Optoelectronics

$40.52

1.83 (4.73%)

, ROKU

Roku

$47.98

3.19 (7.12%)

08:45
12/12/17
12/12
08:45
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08:45
Options
Largest borrow rate increases among liquid names »

Latest data shows the…

AAOI

Applied Optoelectronics

$40.52

1.83 (4.73%)

ROKU

Roku

$47.98

3.19 (7.12%)

RSX

Market Vectors Russia ETF

$22.01

0.44 (2.04%)

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HIBB

Hibbett Sports

$20.20

0.05 (0.25%)

08:43
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Technical Analysis
Technical View: Hibbett Sports moves higher on light volume »

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V

Visa

$112.37

-0.23 (-0.20%)

08:42
12/12/17
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08:42
Periodicals
Visa innovation chief had history of employee affairs before firing, Recode says »

Former Visa executive Jim…

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  • 19

    Dec

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