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AAPL

Apple

$204.19

-0.14 (-0.07%)

08:08
07/08/19
07/08
08:08
07/08/19
08:08

Rosenblatt sees Apple fundamentals deteriorating, downgrades to Sell

Rosenblatt analyst Jun Zhang downgraded Apple to Sell from Neutral, citing his view that its fundamental will deteriorate over the next 6-12 months. Zhang believes new iPhone sales will be disappointing, iPad sales growth will slow in the second half of 2019, and that service revenue growth will also decelerate. His analysis of retail data suggests overall iPhone sales were flat month-over-month in June and he expects major iPhone upgrades to be pushed out to the second half of 2020 given what are seen as limited upgrades for the new iPhone models in the fall and expectations of a 5G iPhone in 2020. While Zhang cut his rating to Sell, he does not see Apple as a stock to short, noting that the company has "plenty of cash and a meaningful stock buy back program," the analyst added. Zhang keeps a $150 price target on Apple shares, which are down $2.86, or 1.4%, to $201.37 in pre-market trading.

  • 30

    Jul

AAPL Apple
$204.19

-0.14 (-0.07%)

07/01/19
BOFA
07/01/19
NO CHANGE
Target $230
BOFA
Buy
Apple estimates lowered on China App store slowdown at BofA/Merrill
BofA Merrill Lynch analyst Wamsi Mohan said the indefinite postponement of new tariffs on $300B of Chinese imports, which would have impacted almost all of Apple's products, is a positive development that will delay the company facing a need to shift manufacturing and supply chain out of China. However, the analyst added that his analysis of third-party data on publisher revenues indicates that China App store revenue growth slowed to 19% year-over-year in May and declined further to approximately 5% year-over-year in June. Mohan lowered his estimate for June quarter services growth to 16% year-over-year from 18% and lowered his estimate for Apple Services revenue growth for the September quarter to 17% year-over-year from 21%. However, he reiterates a Buy rating and $230 price target on Apple shares.
07/02/19
SBSH
07/02/19
NO CHANGE
Target $205
SBSH
Buy
Apple consensus estimates are likely too high, says Citi
Citi analyst Jim Suva expects share price volatility in the months ahead for Apple as consensus estimates calibrate lower. Within China Apple has 12% unit share and these unit shipments could be cut in half, Suva tells investors in a research note. The analyst, however, remains optimistic on the Services segment with Apple Arcade to launch in the second half of 2019. Suva does not see multiple compression for Apple, "but rather see risk that consensus is simply too high." Despite his expectations for share volatility, the analyst keeps a Buy rating on Apple with a $205 price target. Suva points out that consensus estimates for Apple's fiscal Q3, or June, quarter are towards the mid-end of guidance with revenues at $53.35B and earnings per share at $2.10 while his estimates are lower at $52.6B and $2.06, respectively.
07/08/19
RSBL
07/08/19
DOWNGRADE
Target $150
RSBL
Sell
Apple downgraded to Sell from Neutral at Rosenblatt
Rosenblatt analyst Jun Zhang downgraded Apple to Sell from Neutral with an unchanged price target of $150.
07/08/19
WEDB
07/08/19
NO CHANGE
Target $235
WEDB
Outperform
Wedbush sees Asian checks giving confidence in Apple iPhone demand despite noise
Wedbush analyst Daniel Ives says that his firm's Asia checks over the past week suggest stable Apple iPhone demand globally heading into the crucial September quarter with some puts and takes that overall he would characterize as "better than feared" in light of the noisiest time he could remember for Cupertino. While China remains a wild card, the analyst is bullish into Apple's future heading into FY20 and beyond. Ives reiterates an Outperform rating and $235 price target on the shares.

TODAY'S FREE FLY STORIES

CAL

Caleres

$22.08

-0.71 (-3.12%)

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CHSP

Chesapeake Lodging

$27.20

-0.2 (-0.73%)

, PK

Park Hotels & Resorts

$25.80

-0.32 (-1.23%)

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Chesapeake Lodging completes sale of two new York hotels for $138M »

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CHSP

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Park Hotels & Resorts

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CAE

CAE

$25.54

0.4 (1.59%)

16:34
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Conference/Events
CAE management to meet with CIBC »

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UNVR

Univar

$22.68

0.29 (1.30%)

16:34
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Univar selected as distributor for Unovyn's chlorinated paraffins in U.S. »

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  • 23

    Sep

SGMS

Scientific Games

$23.62

-0.3 (-1.25%)

16:33
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Scientific Games' Haddrill sells 45,681 common shares »

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  • 23

    Sep

CLPHY

CLP Holdings

$0.00

(0.00%)

16:32
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16:32
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16:32
Conference/Events
CLP Holdings management to meet with CIBC »

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  • 19

    Sep

CBAY

CymaBay

$5.86

-0.02 (-0.34%)

16:31
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16:31
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16:31
Hot Stocks
CymaBay announces departure of Chief Medical Officer Pol Boudes »

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  • 23

    Sep

AMR

Alta Mesa Resources

$0.12

0.0062 (5.64%)

16:31
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Alta Mesa Resources receives Nasdaq notice of delisting »

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MGA

Magna

$53.89

0.05 (0.09%)

16:30
09/17/19
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16:30
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Conference/Events
Magna management to meet with CIBC »

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  • 17

    Sep

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    Sep

  • 24

    Sep

16:30
09/17/19
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16:30
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Options
Preliminary option volume of 17.2M today »

Preliminary option volume…

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16:30
09/17/19
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General news
Treasury Market Summary »

Treasury Market Summary:…

FB

Facebook

$188.13

1.89 (1.01%)

16:29
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Facebook's Zuckerberg says Oversight Board a way to address 'harmful content' »

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  • 20

    Sep

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    Oct

TTWO

Take-Two

$130.79

2.085 (1.62%)

16:28
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16:28
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Hot Stocks
Take-Two's Rockstar debuts own PC game launcher »

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  • 18

    Sep

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    Nov

IOTS

Adesto Technologies

$10.63

-0.66 (-5.85%)

16:27
09/17/19
09/17
16:27
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Syndicate
Adesto Technologies files to sell Convertible Senior Notes due 2024 »

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ADBE

Adobe

$284.59

1.54 (0.54%)

16:25
09/17/19
09/17
16:25
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16:25
Earnings
Adobe sees FY19 digital experience bookings growth greater than 20% »

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  • 17

    Sep

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    Oct

JCAP

Jernigan Capital

$20.00

-0.04 (-0.20%)

, CUBE

CubeSmart

$35.92

0.82 (2.34%)

16:21
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Hot Stocks
Jernigan Capital acquires membership interests in six properties »

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JCAP

Jernigan Capital

$20.00

-0.04 (-0.20%)

CUBE

CubeSmart

$35.92

0.82 (2.34%)

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CHWY

Chewy

$30.20

-0.2 (-0.66%)

16:21
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Earnings
Chewy sees FY19 revenue $4.75B-$4.8B »

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  • 17

    Sep

VRTS

Virtus Investment

$119.64

0.64 (0.54%)

16:21
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Virtus Investment names Wendy Hills as EVP and Chief Legal Officer »

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  • 18

    Sep

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    Sep

YUM

Yum! Brands

$112.81

2.255 (2.04%)

16:20
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Yum! Brands announces management changes »

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  • 01

    Oct

CGC

Canopy Growth

$28.40

0.61 (2.20%)

16:20
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Initiation
Canopy Growth initiated  »

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  • 26

    Sep

VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

16:20
09/17/19
09/17
16:20
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16:20
Options
Closing CBOE SPX and VIX Index summary for September 17th »

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IOTS

Adesto Technologies

$10.63

-0.66 (-5.85%)

16:20
09/17/19
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16:20
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Initiation
Adesto Technologies initiated  »

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16:20
09/17/19
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16:20
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General news
Treasury TIC data revealed a big pop in foreign demand for U.S. securities in July »

Treasury TIC data…

PZZA

Papa John's

$52.00

-0.72 (-1.37%)

16:19
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Initiation
Papa John's initiated  »

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  • 13

    Nov

ATRO

Astronics

$31.20

-0.06 (-0.19%)

16:19
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Astronics announces new $50M share repurchase program »

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