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AAPL

Apple

$217.65

4.16 (1.95%)

09:05
08/20/18
08/20
09:05
08/20/18
09:05

Apple downgraded to Sell from Neutral at New Street Research

New Street Research analyst Pierre Ferragu downgraded Apple to Sell from Neutral, stating that he believes the iPhone X has been so successful and well received by consumers that it has brought forward demand, leading him to expect a "material disappointment" in 2019. Ferragu expects iPhone revenues to decline 8% in 2019 versus the consensus view of 1% growth. He lowered his price target on Apple shares to $165 from $170.

AAPL Apple
$217.65

4.16 (1.95%)

08/02/18
SBSH
08/02/18
NO CHANGE
Target $5
SBSH
Sell
Citi reiterates Sell on Fitbit, says not an acquisition target
Citi analyst Jim Suva reiterates a Sell rating on Fitbit (FIT) with a $5 price target following the company's Q2 results, which he notes were largely better than expected except for a decline in free cash flow. Apple's (AAPL) smart watch is smarter than Fitbit's (FIT) smartwatches, which do not allow "robust" two-way communication or a lengthy app catalog, and the price differential is immaterial, Suva tells investors in a post-earnings research note. Further, he does not see Fitbit as an acquisition target.
08/06/18
MSCO
08/06/18
NO CHANGE
MSCO
Boeing, Tesla, Nvidia make Morgan Stanley 'key man risk' list
Morgan Stanley equity strategist Mark Savino noted that about 12% of CEO jobs among S&P 500 companies turned over in 2017, noting that this was the highest level of CEO departures since before the financial crisis. The 59 stocks of S&P 500 companies that had CEOs depart in 2017 underperformed the market by 11% over the next 12 months, or since the departure for instances that were less than 12 months ago, noted Savino. In cooperation with the firm's U.S. analysts, Savino and his team identified the companies in each sector they believe face the greatest level of "key man risk," which includes: Boeing (BA), Tesla (TSLA), ADT Inc. (ADT), Moody's (MCO), TransUnion (TRU), Arista Networks (ANET), Church & Dwight (CHD), Coca-Cola (KO), Monster Beverage (MNST), Coupa Software (COUP), Salesforce (CRM), FireEye (FEYE), MongoDB (MDB), Microsoft (MSFT), New Relic (NEWR), XPO Logistics (XPO), Hilton (HLT), Las Vegas Sands (LVS), Best Buy (BBY), Ulta (ULTA), Aflac (AFL), Athene Holding (ATH), Lincoln National (LNC), Arthur J. Gallagher (AJG), Chubb (CB), Amazon.com (AMZN), Activision Blizzard (ATVI), Facebook (FB), Alphabet (GOOGL), Apple (AAPL), Terex (TEX), Cleveland-Cliffs (CLF), Freeport McMoRan (FCX), FleetCor (FLT), Global Payments (GPN), Square (SQ), Jazz Pharmaceuticals (JAZZ), Cheesecake Factory (CAKE), Broadcom (AVGO), Nvidia (NVDA), Chegg (CHGG), DXC Technology (DXC), Medidata (MDSO), Pluralsight (PS), RealPage (RP), Shopify (SHOP) and T-Mobile (TMUS).
08/09/18
JPMS
08/09/18
NO CHANGE
JPMS
Neutral
Lumentum selloff provides attractive entry point, says JPMorgan
JPMorgan analyst Samik Chatterjee believes the post-earnings pullback in shares of Lumentum (LITE) provides an attractive entry point. However, he keeps a Neutral rating on Lumentum with an $80 price target. The shares sold off yesterday as management chose to provide conservative 3D Sensing revenue guidance for fiscal Q2 ahead of greater visibility into market share development and inventory position with its primary customer, Apple (AAPL), on next generation phones expected to be launched in September, Chatterjee tells investors in a research note. Based on his conversations with management, Chatterjee believes the softer guide is driven entirely by a lower market share assumption and budgeting for inventory timing "purely out of conservatism." This increases the likelihood of an upside surprise, the analyst contends.
08/17/18
KEYB
08/17/18
NO CHANGE
KEYB
Overweight
Arista Networks products found in Apple data center, says KeyBanc
KeyBanc analyst Alex Kurtz noted that an article posted by azcentral.com shows an Arista Networks (ANET) 7500 series spine switch in several racks of Apple's (AAPL) Mesa, Arizona data center. Apple has been a long speculated customer of Arista, but the iPhone maker "is not known to readily disclose its use of third party technologies," noted Kurtz, who has an Overweight rating on Arista shares.

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