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AAPL

Apple

$178.46

-0.8 (-0.45%)

11:10
01/22/18
01/22
11:10
01/22/18
11:10

KGI's Kuo says Apple will discontinue first-generation iPhone X, MacRumors says

Apple will discontinue its first-generation iPhone X when launching its second-generation model in 2H18 instead of reducing the price as the device would likely cannibalize sales of its mid-range 6.1-inch LCD iPhone with Face ID, MacRumors reports, citing a research note by KGI's Ming-Chi Kuo. Kuo, who believes the 6.1-inch model will sell between $650 and $750 in the U.S., said, "iPhone X would hurt product brand value & lineup of 2H18 new models if it continues to sell at a lower price after 2H18 new models launch: Lowering iPhone Xs price after the 2H18 new models launch would be a negative to product brand value given 3D sensing and OLED display are features of the new high-price model. Additionally, to sell iPhone X at a lower price may have a negative impact on shipments of the new 6.1" LCD iPhone in 2H18. Thus, we estimate iPhone X will reach end-of-life around the middle of 2018." Reference Link

  • 01

    Feb

AAPL Apple
$178.46

-0.8 (-0.45%)

01/22/18
ATLE
01/22/18
DOWNGRADE
ATLE
Neutral
Apple downgraded to Neutral from Overweight at Atlantic Equities
01/22/18
WELS
01/22/18
NO CHANGE
Target $195
WELS
Market Perform
Wells Fargo maintains tempered view on Apple iPhone upside
Wells Fargo analyst Aaron Rakers maintains a tempered view on Apple's iPhone product cycle as his checks/analysis leaves him to consider muted upgrade trends in mature markets and overall weak smartphone demand data points in China. Nonetheless, the analyst expects Apple to again report strong service growth. He reiterates a Market Perform rating and $195 price target on the shares.
01/22/18
01/22/18
DOWNGRADE
Target $190

Neutral
Apple downgraded on worries about current, future iPhones at Atlantic Equities
As previously reported, Atlantic Equities analyst James Cordwell downgraded Apple to Neutral from Overweight citing signs that iPhone demand is beginning to soften and emerging challenges to the smartphone's dominance. While Cordwell thinks robust iPhone demand and a favorable iPhone X mix in the December quarter, or Apple's fiscal Q1, make quarterly upside likely, he also fears much of this strength was pull forward of demand and sees a risk that Q2 guidance will fall short, he tells investors. Cordwell keeps his $190 price target on Apple shares.
01/22/18
01/22/18
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 Overweight at Atlantic Equities with analyst James Cordwell citing signs that iPhone demand is beginning to soften and emerging challenges to the smartphone's dominance. 2. General Electric (GE) downgraded to Neutral from Buy at BofA/Merrill with analyst Andrew Obin saying he expects management to lower 2018 guidance when it reports fourth quarter earnings on Wednesday. 3. American Express (AXP) downgraded to Neutral from Buy at Guggenheim with analyst Jeff Cantwell citing CCAR risk in 2018, the fact that its balance sheet is liability-sensitive, and the assumption that the company's provision expense will be significantly higher than expected in fiscal 2018. 4. Eli Lilly (LLY) downgraded to Underperform from Neutral at Credit Suisse with analyst Vamil Divan saying he does not believe Lilly is on track to hit its mid-term guidance of 5% annual sales growth from 2015-2020. 5. Symantec (SYMC) downgraded to Neutral from Outperform at Credit Suisse with analyst Brad Zelnick saying accelerating enterprise expectations do not square with mixed channel sentiment. The analyst also lowered his price target on the shares to $30 from $36. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

$NSD

NASDAQ Market Internals

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$NYE

NYSE Market Internals

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NYSE market internals summary »

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IO

ION Geophysical

$21.40

0.05 (0.23%)

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$67.25

2.46 (3.80%)

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Liberty Media

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Liberty SiriusXM

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Liberty says withdrew iHeart proposal after reviewing results »

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LMCA

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Liberty SiriusXM

$46.08

0.41 (0.90%)

IHRT

iHeartMedia

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ARNC

Arconic

$16.99

0.035 (0.21%)

11:10
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Options
Arconic attracts a bullish option play as shares sit near 52-week lows »

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AUTL

Autolus Therapeutics

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Syndicate
Breaking Syndicate news story on Autolus Therapeutics »

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  • 22

    Jun

CAR

Avis Budget

$42.45

1.2 (2.91%)

11:05
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11:05
Options
Avis Budget call volume above normal and directionally bullish »

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AUTL

Autolus Therapeutics

$0.00

(0.00%)

10:56
06/22/18
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10:56
Syndicate
Breaking Syndicate news story on Autolus Therapeutics »

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  • 22

    Jun

10:55
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10:55
General news
U.S. equities rolled over with yields after Trump tweeted »

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Conference/Events
The FDA Blood Products Advisory Committee to hold a meeting »

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IO

ION Geophysical

$20.65

-0.7 (-3.28%)

, SLB

Schlumberger

$67.40

2.61 (4.03%)

10:52
06/22/18
06/22
10:52
06/22/18
10:52
Periodicals
Supreme Court backs Schlumberger in patent fight with ION, Reuters reports »

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IO

ION Geophysical

$20.65

-0.7 (-3.28%)

SLB

Schlumberger

$67.40

2.61 (4.03%)

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FNSR

Finisar

$17.03

-0.685 (-3.87%)

10:50
06/22/18
06/22
10:50
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10:50
Options
Bearish option flow in Finisar as shares see relative weakness »

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  • 26

    Jun

AUTL

Autolus Therapeutics

$0.00

(0.00%)

10:49
06/22/18
06/22
10:49
06/22/18
10:49
Syndicate
Autolus Therapeutics indicated to open at $30, IPO priced at $17.00 »

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  • 22

    Jun

10:47
06/22/18
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10:47
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10:47
Conference/Events
Wells Fargo analysts to hold an analyst/industry conference call »

Analysts provide a 3Q18…

NUVA

NuVasive

$55.81

0.33 (0.59%)

10:45
06/22/18
06/22
10:45
06/22/18
10:45
Conference/Events
NuVasive has a conference call hosted by JPMorgan »

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HAIN

Hain Celestial

$30.23

1.04 (3.56%)

10:40
06/22/18
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Options
5K Hain Celestial Aug 29 - 31 call spreads sold at 85c »

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APO

Apollo Global

$31.89

0.18 (0.57%)

, HCP

HCP

$24.78

0.15 (0.61%)

10:37
06/22/18
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Periodicals
Apollo the buyer of HCP senior housing portfolio, Bloomberg reports »

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APO

Apollo Global

$31.89

0.18 (0.57%)

HCP

HCP

$24.78

0.15 (0.61%)

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CMG

Chipotle

$472.84

9.97 (2.15%)

10:35
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Options
Expiring Chipotle calls en fuego as shares head toward $500 »

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  • 10

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PAGS

PagSeguro Digital

$30.52

1.1 (3.74%)

10:30
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Options
Three-way spreads continue in PagSeguro »

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  • 22

    Jun

GM

General Motors

$41.70

0.575 (1.40%)

, F

Ford

$11.82

0.115 (0.98%)

10:28
06/22/18
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10:28
General news
Trump says 20% tariffs may be placed on all imported European cars »

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General Motors

$41.70

0.575 (1.40%)

F

Ford

$11.82

0.115 (0.98%)

HMC

Honda

$30.76

0.1 (0.33%)

NSANY

Nissan

$0.00

(0.00%)

TM

Toyota

$131.64

-1 (-0.75%)

VLKAY

Volkswagen

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DDAIF

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FCAU

Fiat Chrysler

$19.48

0.315 (1.64%)

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  • 10

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10:25
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10:25
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10:25
Conference/Events
Stephens food/agribusiness analyst to hold an analyst/industry conference call »

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QGEN

Qiagen

$36.61

0.41 (1.13%)

10:25
06/22/18
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Conference/Events
Qiagen participates in a conference call with William Blair »

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  • 22

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CMC

Commercial Metals

$23.22

0.96 (4.31%)

10:22
06/22/18
06/22
10:22
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10:22
Recommendations
Commercial Metals analyst commentary  »

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STG

Sunlands Online

$9.27

0.32 (3.58%)

, MU

Micron

$59.06

-0.38 (-0.64%)

10:21
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Initiation
On The Fly: Top five analyst initiations »

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STG

Sunlands Online

$9.27

0.32 (3.58%)

MU

Micron

$59.06

-0.38 (-0.64%)

IDXG

Interpace Diagnostics

$0.90

0.0262 (3.00%)

AYX

Alteryx

$37.60

-1.03 (-2.67%)

BCRX

BioCryst

$5.55

-0.225 (-3.90%)

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NKE

Nike

$74.13

0.19 (0.26%)

, CAKE

Cheesecake Factory

$58.01

-1.86 (-3.11%)

10:21
06/22/18
06/22
10:21
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10:21
Downgrade
On The Fly: Top five analyst downgrades »

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NKE

Nike

$74.13

0.19 (0.26%)

CAKE

Cheesecake Factory

$58.01

-1.86 (-3.11%)

HZN

Horizon Global

$6.52

-0.74 (-10.19%)

BKNG

Booking Holdings

$2,108.13

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VRX

Valeant

$24.26

-0.46 (-1.86%)

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