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AAPL

Apple

$218.91

-0.99 (-0.45%)

07:28
09/30/19
09/30
07:28
09/30/19
07:28

Apple price target raised to $265 from $243 at JPMorgan

JPMorgan analyst Samik Chatterjee established a December 2020 price target for Apple shares of $265, up from his from his December 2019 target to $243. The stock closed Friday down $1.07 to $218.82. The analyst keeps an Overweight rating on Apple. Chatterjee "modestly" raised his iPhone volume forecasts and expects investor sentiment on Apple shares to "improve materially" given the company's ability to drive upward revisions to volume expectations. The 2019 product cycle is largely considered to be a "muted one" due to limited hardware enhancements and replacement cycle risks amid expectations for a 5G phone next year, Chatterjee tells investors in a research note. The analyst, however, raised his iPhone volume forecasts for Apple's September quarter by 1M and for its December quarter by 3M units to account for stronger trends, particularly led by the iPhone 11 model amongst the new iPhones. He believes volume upside in 2019 will have significance in demonstrating that Apple can deliver balance of volume and profitability "even in a tough backdrop."

AAPL Apple
$218.91

-0.99 (-0.45%)

09/25/19
ARGS
09/25/19
NO CHANGE
Target $40
ARGS
Buy
Jabil price target raised to $40 from $36 at Argus
Argus analyst Jim Kelleher raised his price target on Jabil (JBL) to $40 and kept his Buy rating after its Q4 earnings beat and initial FY20 outlook of mid-teens EPS growth, single-digit revenue growth, and operating margin expansion. The analyst also notes that a "popular" price point of Apple's (AAPL) new iPhone 11 device could mitigate the expected unit declines and the accompanying margin contraction. Kelleher further cites the expected $800M healthcare and packaging revenue contribution offsetting the mobility and digital lifestyle revenue decline of $700M in FY20.
09/26/19
KEYB
09/26/19
NO CHANGE
KEYB
Sector Weight
Apple Services narrative largely priced in, says KeyBanc
KeyBanc analyst Andy Hargreaves believes Apple's Services narrative is largely priced in, as the stock's valuation no longer appears attractive relative to other large services businesses. This suggests profit growth will be needed to drive stock appreciation going forward, which will require a trend reversal in either user growth or gross profit per user, both of which appear difficult. He reiterates a Sector Weight rating on the shares.
09/26/19
UBSW
09/26/19
NO CHANGE
Target $235
UBSW
Buy
Apple iPhone launch 'appears strong' in U.S., says UBS
UBS analyst Timothy Arcuri said his spot checks and data from the firm's Evidence Lab do not suggest the type of short-falls in iPhone sales that were seen last year and that the launch "appears strong at least in the US." Five days after the launch, Evidence Lab availability data suggests longer wait times for iPhone 11/Pro relative to last year's iPhone XR/Xs, noted Arcuri, who is still modeling second half iPhone shipments to be down 5.3%, which he noted is slightly worse than the consensus projection for a 4.4% decline. Arcuri maintains a Buy rating and $235 price target on Apple shares.
09/27/19
JPMS
09/27/19
NO CHANGE
Target $425
JPMS
Overweight
JPMorgan reiterates Overweight on Netflix with stock down 12% in seven days
Netflix (NFLX) shares are down 27% since the Q2 earnings report, including down 12% over the past seven trading days, due to increased concern around Q3 net additions, especially in international markets, and heightened competition heading toward year-end and into 2020 from Disney+ (DIS), Apple TV+ (AAPL), and HBO Max (T), JPMorgan analyst Doug Anmuth tells investors in a research note. While the operating environment is changing, global disruption of linear TV is a "strong secular trend" that remains early stage in many international markets, and Netflix will remain a key beneficiary as more people cut the cord, says Anmuth. Further, the analyst believes Netflix has "significant advantages" around data and also its breadth and depth of content. In addition, the bar for Q3 has come down, says Anmuth, who keeps an Overweight rating on Netflix with a $425 price target.

TODAY'S FREE FLY STORIES

OXY

Occidental Petroleum

$38.13

-0.31 (-0.81%)

, EC

Ecopetrol

$18.05

-0.22 (-1.20%)

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JNPR

Juniper

$25.52

-0.17 (-0.66%)

10:05
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Juniper Networks call volume above normal and directionally bullish »

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  • 09

    Dec

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10:05
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Treasury Action: the markets were unmoved by the prepared Powell testimony »

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HE

Hawaiian Electric

$43.19

0.04 (0.09%)

10:03
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Periodicals
ValueAct calls on Hawaiian Electric to look outside for next CEO, Bloomberg says »

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RDWR

Radware

$23.32

(0.00%)

10:01
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Conference/Events
Radware management to meet with Oppenheimer »

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  • 14

    Nov

RCKT

Rocket Pharmaceuticals

$15.44

(0.00%)

10:00
11/13/19
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10:00
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Conference/Events
Rocket Pharmaceuticals management to meet with Piper Jaffray »

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  • 14

    Nov

EOG

EOG Resources

$72.53

-0.76 (-1.04%)

, PXD

Pioneer Natural

$134.51

-1.67 (-1.23%)

09:59
11/13/19
11/13
09:59
11/13/19
09:59
Conference/Events
BofA/Merrill to hold a conference »

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EOG

EOG Resources

$72.53

-0.76 (-1.04%)

PXD

Pioneer Natural

$134.51

-1.67 (-1.23%)

CRC

California Resources

$8.08

-0.06 (-0.74%)

PTEN

Patterson-UTI

$8.72

-0.32 (-3.54%)

SLB

Schlumberger

$35.72

-0.49 (-1.35%)

PE

Parsley Energy

$16.37

-0.28 (-1.68%)

03/08/13
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  • 13

    Nov

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  • 13

    Nov

PEGA

Pegasystems

$72.90

(0.00%)

09:58
11/13/19
11/13
09:58
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09:58
Conference/Events
Pegasystems management to meet with DA Davidson »

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  • 14

    Nov

  • 10

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  • 05

    Mar

HE

Hawaiian Electric

$43.27

0.12 (0.28%)

09:58
11/13/19
11/13
09:58
11/13/19
09:58
Hot Stocks
Hawaiian Electric board says ValueAct letter seeking new CEO 'disappointing' »

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ILMN

Illumina

$294.99

-0.89 (-0.30%)

09:57
11/13/19
11/13
09:57
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Conference/Events
Illumina participates in a conference call with SVB Leerink »

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OXY

Occidental Petroleum

$38.05

-0.39 (-1.01%)

09:57
11/13/19
11/13
09:57
11/13/19
09:57
Hot Stocks
Occidental sees proceeds from asset sales of at least $15B by middle of 2020 »

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OXY

Occidental Petroleum

$38.10

-0.34 (-0.88%)

09:55
11/13/19
11/13
09:55
11/13/19
09:55
Hot Stocks
Breaking Hot Stocks news story on Occidental Petroleum »

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PCG

PG&E

$7.21

0.16 (2.27%)

, TSN

Tyson Foods

$89.50

0.505 (0.57%)

09:55
11/13/19
11/13
09:55
11/13/19
09:55
Options
Early notable gainers among liquid option names on November 13th »

Notable gainers among…

PCG

PG&E

$7.21

0.16 (2.27%)

TSN

Tyson Foods

$89.50

0.505 (0.57%)

XEC

Cimarex Energy

$45.15

0.15 (0.33%)

CME

CME Group

$204.28

2.74 (1.36%)

KSU

Kansas City Southern

$152.51

0.15 (0.10%)

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  • 13

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House Permanent Select Committee on Intelligence to hold a hearing »

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OVID

Ovid Therapeutics

$2.47

0.01 (0.41%)

09:54
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Conference/Events
Ovid Therapeutics management to meet with William Blair »

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  • 14

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NUE

Nucor

$55.09

-0.23 (-0.42%)

09:52
11/13/19
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Conference/Events
Nucor management to meet with KeyBanc »

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  • 14

    Nov

  • 15

    Nov

09:52
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Conference/Events
House Judiciary Committee to hold a hearing »

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09:50
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General news
Fed Chair Powell's said policy is appropriate as long as the economy remains on track »

Fed Chair Powell's…

NSSC

Napco Security

$28.01

(0.00%)

09:49
11/13/19
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Conference/Events
Napco Security management to meet with Oppenheimer »

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  • 14

    Nov

MRNA

Moderna

$17.96

-0.03 (-0.17%)

09:48
11/13/19
11/13
09:48
11/13/19
09:48
Conference/Events
Moderna management to meet with Oppenheimer »

Meeting to be held in…

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  • 14

    Nov

HZN

Horizon Global

$3.72

-0.04 (-1.06%)

09:47
11/13/19
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09:47
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09:47
Hot Stocks
Horizon Global falls -6.9% »

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SD

SandRidge Energy

$4.52

-0.115 (-2.48%)

09:47
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09:47
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SandRidge Energy falls -7.5% »

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  • 13

    Nov

I

Intelsat

$18.47

-1.92 (-9.42%)

09:47
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  • 10

    Dec

SPB

Spectrum Brands

$55.94

4.75 (9.28%)

09:47
11/13/19
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Spectrum Brands rises 9.1% »

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  • 13

    Nov

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