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AAPL

Apple

$157.94

0.09 (0.06%)

05:14
01/03/19
01/03
05:14
01/03/19
05:14

Apple price target lowered to $187 from $222 at Piper Jaffray

Piper Jaffray analyst Michael Olson lowered his price target for Apple to $187 from $222 after the company reduced its revenue guidance for the December quarter. The stock in premarket trading is down 8%, or $12.04, to $145.88. The guide down was largely attributed to weaker than anticipated iPhone sales in Greater China due to macroeconomic factors, including trade tensions with the U.S., Olson tells investors in a research note. Outside of iPhone weakness in China and some emerging markets, Apple reported strength in non-iPhone, with revenue for other categories collectively growing 19% year-over-year, an acceleration from non-iPhone revenue growth reported in the past several quarters, adds the analyst. Olson reduced his fiscal 2019 and 2020 revenue estimates by 6% and 4%, respectively, as a result of the guide down but keeps an Overweight rating on Apple shares. He now applies a multiple that is a slight discount to Apple's two-year average due to uncertainty regarding the timing of iPhone headwinds in China, and potentially elsewhere, over the coming quarters.

AAPL Apple
$157.94

0.09 (0.06%)

01/03/19
MACQ
01/03/19
DOWNGRADE
MACQ
Neutral
Apple downgraded to Neutral from Outperform at Macquarie
01/02/19
BTIG
01/02/19
NO CHANGE
Target $197
BTIG
Buy
Apple price target lowered to $197 from $235 at BTIG
BTIG analyst Walter Piecyk lowered his price target on Apple to $197 and also lowered his FY19 EPS view by $1.30 to $12.34 after the company's Q1 guidance cut. The analyst estimates Q1 iPhone sales below 64M units, which marks an 18% decline from last year - the largest decline since Q2 of 2016. Piecyk also expects Q2 unit sales to fall to 42.5M, which would reflect a typical seasonal slump and a 19% drop from last year's Q2. The analyst also keeps his Buy rating on Apple, forecasting the company to return to revenue growth in Q3 while noting that the company's iPhone weakness is being offset by upside in other segments.
01/02/19
RBCM
01/02/19
NO CHANGE
Target $185
RBCM
Outperform
Apple price target lowered to $185 from $220 at RBC Capital
RBC Capital analyst Amit Daryanani lowered his price target on Apple after the company's Q1 guidance cut. The analyst also keeps his Outperform rating, stating that investors were already bracing for a disappointing outlook from the company, adding that the risk-reward at the current stock price level is attractive.
01/02/19
RBCM
01/02/19
NO CHANGE
Target $220
RBCM
Outperform
RBC Capital says Apple may amend its iPhone segmentation, capital program
RBC Capital analyst Amit Daryanani kept his Outperform rating and $220 price target on Apple, saying that while the weakness of its iPhones has been a "primary focus" for investors, the stock may be impacted by other potential catalysts in 2019. The analyst contends that the company may "surrender is attempts at segmentation" after consumers rejected its less expensive iPhone XR and may instead "get more aggressive in offering leasing models" such as "iPhone as a service". Daryanani also states that Apple could consider a "tweak" in its capital allocation given the "depressed" levels of its stock price or a shift toward higher dividends. The analyst further speculates that the company could expand its music streaming service with library content or add-on channels.

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ADDYY

Adidas

$0.00

(0.00%)

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BILI

Bilibili

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-0.65 (-3.97%)

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QD

Qudian

$5.63

-0.295 (-4.98%)

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PAYC

Paycom

$239.80

4.63 (1.97%)

06:39
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Qualcomm

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-2.52 (-2.79%)

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TGT

Target

$110.86

0.27 (0.24%)

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AVY

Avery Dennison

$131.42

0.26 (0.20%)

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TGT

Target

$110.86

0.27 (0.24%)

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ADSK

Autodesk

$164.53

2.08 (1.28%)

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QIWI

Qiwi

$20.14

0.38 (1.92%)

06:36
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Earnings
Qiwi raises FY19 adjusted revenue growth view to 15%-19% from 9%-15% »

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TGT

Target

$110.86

0.27 (0.24%)

06:35
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06:35
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06:35
Earnings
Target sees Q4 adj. EPS $1.54-$1.75, consensus $1.65 

Sees Q4 SSS up 3%-4%.

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TJX

TJX

$60.66

1.12 (1.88%)

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T

AT&T

$38.00

-1.61 (-4.06%)

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LLY

Eli Lilly

$115.13

1.04 (0.91%)

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TGT

Target

$110.86

0.27 (0.24%)

06:33
11/20/19
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Earnings
Target reports Q3 adj. EPS $1.36, consensus $1.19 »

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CDXC

ChromaDex

$3.49

0.19 (5.76%)

06:33
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QIWI

Qiwi

$20.14

0.38 (1.92%)

06:33
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Earnings
Qiwi reports Q3 EPS 29c, one estimate 33c »

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EVRG

Evergy

$64.79

-0.19 (-0.29%)

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RES

RPC, Inc.

$3.84

-0.015 (-0.39%)

06:26
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QD

Qudian

$5.63

-0.295 (-4.98%)

06:24
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WE

We Company

$0.00

(0.00%)

, SFTBF

SoftBank

$0.00

(0.00%)

06:22
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Periodicals
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SoftBank

$0.00

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BRY

Berry Petroleum

$8.90

-2.405 (-21.27%)

06:21
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BBCP

Concrete Pumping

$3.88

0.17 (4.58%)

06:21
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EVRG

Evergy

$64.79

-0.19 (-0.29%)

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