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AAPL

Apple

$213.80

1.26 (0.59%)

10:37
10/30/18
10/30
10:37
10/30/18
10:37

Apple announces new MacBook Air coming to stores November 7

Apple introduced a new MacBook Air, that the company said brings "a stunning 13-inch Retina display, Touch ID, the latest processors and an even more portable design to the world's most loved notebook." The new MacBook Air is available in three finishes - gold, space gray and silver - and features the Apple T2 Security Chip and Thunderbolt 3, the company stated. Starting at $1,199, the new MacBook Air is available to order today on apple.com. It will be available in Apple retail stores and through Apple Authorized Resellers starting Wednesday, November 7. The new graphics configuration option for MacBook Pro will be available to order on apple.com and in Apple retail stores and through Apple Authorized Resellers starting Wednesday, November 14, Apple added.

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AAPL Apple
$213.80

1.26 (0.59%)

10/29/18
10/29/18
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. Apple (AAPL) initiated with a Buy at Jefferies. 2. Ralph Lauren (RL) initiated with a Buy at Deutsche Bank. 3. Guardant Health (GH) initiated with an Outperform at Cowen and William Blair, an Overweight at JPMorgan, and a Neutral at BofA/Merrill. 4. Kodiak Sciences (KOD) initiated with a Buy at BofA/Merrill, as well as an Overweight at Barclays and Morgan Stanley. 5. Proteostasis (PTI) initiated with an Overweight at Piper Jaffray. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
10/29/18
BOFA
10/29/18
NO CHANGE
Target $235
BOFA
Buy
BofA/Merrill cuts Apple price target to $235 on China, currency risk
BofA/Merrill analyst Wamsi Mohan lowered his iPhone estimates for Apple's December quarter and fiscal 2019 to account for a slowdown in China and broader currency headwinds. The analyst, who expects Apple to beat September quarter expectations when reporting on November 1, dropped his December quarter iPhone unit estimate to 73M from 77M and fiscal 2019 estimate to 214M from 222M. While "weaker end markets create some near-term headwinds," Apple's "strong growth" in Services, "strong" capital return and cash balance "affords optionality," Mohan tells investors in a pre-earnings research note. As such, despite reducing his price target for the shares to $235 from $256, the analyst reiterates a Buy rating on Apple. Mohan points out that the dollar strengthened significantly against the Chinese renminbi at a time when iPhone average selling prices have increased significantly. During the past cycle of a strengthening dollar in 2015-2016, China iPhone units declined 20% and overall Apple China sales declined 24% year-over-year, says the analyst. While iPhone's gross margin benefits from lower NAND costs, currency moves bring headwinds, he believes. However, Mohan coupled the iPhone unit reduction with an increase to Apple Watch units. On the latter, he raised his estimate for fiscal 2019 units to 42.3M from 39.3M. Apple in morning trading is up 1.5%, or $3.16, to $219.46.
10/29/18
UBSW
10/29/18
NO CHANGE
Target $250
UBSW
Buy
Apple results expected in-line with upward bias to guidance, says UBS
UBS analyst Timothy Arcuri expects Apple to report in-line Q4 results and for guidance to have an upward bias. The analyst sees a clear upward bias on average selling prices, but will be watching for comments on upgrade cycles, which seem to be lengthening at a slower rate. He is also interested to hear about potential video offerings, services growth, and if the demand outlook has been impacted by global tariff risks. Arcuri reiterated his Buy rating and $250 price target on Apple shares.
10/29/18
WEDB
10/29/18
NO CHANGE
Target $310
WEDB
Outperform
Apple earnings, initial iPhone demand guidance should be positive catalyst, says Wedbush
Wedbush analyst Daniel Ives believes Apple's earnings and more importantly guidance around initial iPhone demand heading into year-end and its trajectory for 2019 will be a positive catalyst for Cupertino and its investors, as well as the overall tech sector. The analyst reiterates an Outperform rating and $310 price target on the shares.

TODAY'S FREE FLY STORIES

WTI

W&T Offshore

$6.13

0.02 (0.33%)

06:11
11/19/18
11/19
06:11
11/19/18
06:11
Conference/Events
W&T Offshore management to meet with Seaport Global »

Meetings to be held in…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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    Nov

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    Nov

EV

Eaton Vance

$42.62

-0.435 (-1.01%)

06:11
11/19/18
11/19
06:11
11/19/18
06:11
Downgrade
Eaton Vance rating change  »

Eaton Vance downgraded to…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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TPR

Tapestry

$40.63

-0.36 (-0.88%)

06:10
11/19/18
11/19
06:10
11/19/18
06:10
Conference/Events
Tapestry management to meet with MKM Partners »

Meeting to be held in New…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 19

    Nov

TPR

Tapestry

$40.63

-0.36 (-0.88%)

06:10
11/19/18
11/19
06:10
11/19/18
06:10
Conference/Events
Tapestry management to meet with MKM Partners »

Meeting to be held in New…

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03/08/13
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03/06/13
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03/06/13
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  • 19

    Nov

USB

U.S. Bancorp

$54.93

0.26 (0.48%)

06:10
11/19/18
11/19
06:10
11/19/18
06:10
Recommendations
U.S. Bancorp analyst commentary  »

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03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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TELL

Tellurian

$8.03

0.11 (1.39%)

06:10
11/19/18
11/19
06:10
11/19/18
06:10
Conference/Events
Tellurian management to meet with Seaport Global »

Meeting to be held in…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 19

    Nov

CRM

Salesforce

$132.59

0.09 (0.07%)

06:09
11/19/18
11/19
06:09
11/19/18
06:09
Periodicals
Salesforce CEO defends contract with Customs and Border Patrol, Recode reports »

Salesforce CEO Marc…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 19

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    Nov

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    Nov

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    Nov

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    Nov

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    Dec

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    Dec

  • 03

    Mar

OSK

Oshkosh

$66.91

-0.46 (-0.68%)

06:09
11/19/18
11/19
06:09
11/19/18
06:09
Conference/Events
Oshkosh management to meet with Buckingham »

Meetings to be held in…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 19

    Nov

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    Nov

  • 04

    Dec

  • 05

    Dec

VICI

VICI Properties

$21.29

0.16 (0.76%)

06:09
11/19/18
11/19
06:09
11/19/18
06:09
Initiation
VICI Properties initiated  »

VICI Properties initiated…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 28

    Nov

CARG

CarGurus

$38.76

0.31 (0.81%)

06:08
11/19/18
11/19
06:08
11/19/18
06:08
Initiation
CarGurus initiated  »

CarGurus initiated with a…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 04

    Dec

KOP

Koppers Holdings

$20.18

-1.315 (-6.12%)

06:08
11/19/18
11/19
06:08
11/19/18
06:08
Conference/Events
Koppers Holdings management to meet with Seaport Global »

Meetings to be held in…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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  • 19

    Nov

  • 20

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  • 26

    Nov

  • 27

    Nov

CMRE

Costamare

$5.35

0.01 (0.19%)

06:07
11/19/18
11/19
06:07
11/19/18
06:07
Hot Stocks
Costamare acquires 60% equity interest in five 14,000 TEU containerships »

Costamare announced the…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
Barclays

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INXN

Interxion

$64.10

0.62 (0.98%)

06:07
11/19/18
11/19
06:07
11/19/18
06:07
Conference/Events
Interxion management to meet with SunTrust »

Meeting to be held in the…

03/08/13
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03/06/13
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  • 19

    Nov

FRPT

Freshpet

$35.47

0.22 (0.62%)

06:06
11/19/18
11/19
06:06
11/19/18
06:06
Conference/Events
Freshpet management to meet with Oppenheimer »

Meetings to be held in…

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03/06/13
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  • 19

    Nov

  • 20

    Nov

PDS

Precision Drilling

$2.48

0.01 (0.40%)

06:05
11/19/18
11/19
06:05
11/19/18
06:05
Hot Stocks
Precision Drilling announces expiration of waiting period for Trinidad deal »

Precision Drilling…

03/08/13
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Citigroup
03/06/13
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  • 26

    Nov

EVFM

Evofem

$3.45

0.01 (0.29%)

06:05
11/19/18
11/19
06:05
11/19/18
06:05
Conference/Events
Evofem management to meet with Oppenheimer »

Meeting to be held in…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 19

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    Nov

YETI

Yeti

$16.99

0.1 (0.59%)

06:05
11/19/18
11/19
06:05
11/19/18
06:05
Initiation
Yeti initiated  »

Yeti initiated with an…

03/08/13
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03/06/13
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  • 29

    Nov

BPY

Brookfield Property

$18.48

-0.04 (-0.22%)

06:04
11/19/18
11/19
06:04
11/19/18
06:04
Conference/Events
Brookfield Property management to meet with Oppenheimer »

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03/08/13
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03/06/13
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03/06/13
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  • 19

    Nov

PGR

Progressive

$66.28

-0.03 (-0.05%)

06:04
11/19/18
11/19
06:04
11/19/18
06:04
Upgrade
Progressive rating change  »

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03/08/13
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03/08/13
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03/06/13
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03/06/13
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NVTR

Nuvectra

$18.43

0.29 (1.60%)

06:04
11/19/18
11/19
06:04
11/19/18
06:04
Initiation
Nuvectra initiated  »

Nuvectra initiated with…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 27

    Nov

ESRX

Express Scripts

$97.66

0.23 (0.24%)

06:04
11/19/18
11/19
06:04
11/19/18
06:04
Hot Stocks
Express Scripts announces strategic alliance with Petco for pet medicine »

Petco and Express Scripts…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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ATVI

Activision Blizzard

$50.95

-2.6 (-4.86%)

06:04
11/19/18
11/19
06:04
11/19/18
06:04
Conference/Events
Activision Blizzard management to meet with Wedbush »

Meeting to be held in…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 19

    Nov

TPC

Tutor Perini

$17.82

0.22 (1.25%)

06:04
11/19/18
11/19
06:04
11/19/18
06:04
Hot Stocks
Tutor Perini awarded $799.5M contract for Southwest Light Rail Transit project »

Tutor Perini announced…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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PJT

PJT Partners

$46.44

0.01 (0.02%)

06:03
11/19/18
11/19
06:03
11/19/18
06:03
Upgrade
PJT Partners rating change  »

PJT Partners upgraded to…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
Barclays

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BIG

Big Lots

$41.49

-0.58 (-1.38%)

06:03
11/19/18
11/19
06:03
11/19/18
06:03
Upgrade
Big Lots rating change  »

Big Lots upgraded to…

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03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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