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AAPL

Apple

06:21
12/26/17
12/26
06:21
12/26/17
06:21

Apple iPhone X Q1 shipment forecasts reduced by analysts, says Bloomberg

Expectations for Q1 shipments of Apple's Phone X have been reduced by analysts amid soft demand toward the end of the holiday season, Bloomberg reports citing analysts. Sinolink Securities cut its projections by 10M units to 35M and JL Warren Capital reduced its target by 5M handsets to 25M. The latter notes "weak demand because of the iPhone X's high price point". The report also cites Taiwan's Economic Daily News, which reports that unidentified supply chain officials at Apple have lowered their Q1 sales forecast to 30M handsets from 50M.Reference Link

AAPL Apple

12/19/17
NOMU
12/19/17
DOWNGRADE
Target $175
NOMU
Neutral
Apple downgraded to Neutral from Buy at Nomura Instinet
Nomura Instinet analyst Jeffrey Kvaal downgraded Apple to Neutral and cut his price target for the shares to $175 from $185.
12/19/17
NOMU
12/19/17
DOWNGRADE
Target $175
NOMU
Neutral
Nomura downgrades Apple with share gains in 'late innings'
Nomura Instinet analyst Jeffrey Kvaal downgraded Apple to Neutral from Buy and cut his price target for the shares to $175 from $185. The iPhone maker closed yesterday up $2.45 to $176.42. The stock's gains for the iPhone X "supercycle are in the late innings," Kvaal tells investors in a research note. The analyst believes iPhone unit growth is well anticipated by consensus estimates and that Apple's multiple is now "historically full." Kvaal believes now is the time to downgrade the shares but admits Apple's "user base and services growth are powerful tailwinds."
12/19/17
12/19/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Apple (AAPL) downgraded to Neutral from Buy at Nomura Instinet with analyst Jeffrey Kvaal saying the stock's gains for the iPhone X "supercycle are in the late innings." 2. Hanesbrands (HBI) downgraded to Neutral from Buy at Citi with analyst Kate McShane saying the U.S. wholesale environment remains challenging due to declining traffic trends in stores and price-based competition in all channels. 3. PPL Corp. (PPL) downgraded to Underperform from Neutral at Macquarie with analyst Angie Storozynski saying she thinks the next UK regulatory review will result in a meaningful drop in revenues and believes the high dividend debate will come back into focus. 4. Chubb (CB) downgraded to Neutral from Outperform at Credit Suisse with analyst Ryan Tunis noting that while the integration of ACE Limited (ACE)/Chubb has been successful and positions the latter well for the future, the analyst argues that it is difficult for him to solve for much upside to medium term earnings per share and shares with the integration coming to a close in the fourth quarter. 5. KB Home (KBH) downgraded to Underweight from Neutral at JPMorgan with analyst Michael Rehaut citing valuation with the shares up 100% in 2017. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/21/17
MSCO
12/21/17
NO CHANGE
Target $200
MSCO
Overweight
iPhone X helping Apple accelerate share gains in China, says Morgan Stanley
Morgan Stanley analyst Katy Huberty said new data through the first 16 days of iPhone X availability in China show that adoption of the high-end device is on a faster pace than the iPhone 8 or 8 Plus, which she sees fueling an acceleration of Apple smartphone share gains. The analyst, who also noted that Google Trends data corroborate iPhone strength in China, said Apple remains her top pick entering 2018 and she keeps an Overweight rating on the stock with a $200 price target.

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UAL

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YRD

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AAPL

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