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AAPL

Apple

$317.76 /

+8.83 (+2.86%)

07:59
01/29/20
01/29
07:59
01/29/20
07:59

Apple iPhone momentum returns, says Oppenheimer

Oppenheimer analyst Andrew Uerkwitz notes that Apple reported Q1 revenues/EPS ahead of consensus, with quarterly sales for non-iPhone categories growing 11% year over year, led by the Wearables, Home and Accessories category. The analyst notes that the Wearables sub-category was up 44% year over year due to strong demand for Apple Watch and AirPods. iPhone sales materially improved based on strong iPhone 11 sales, he adds, highlighting that Q2 revenue guidance exceeded the consensus estimate after accounting for delays in manufacturing and weaker retail traffic related to the coronavirus outbreak in mainland China. He has a Perform rating on the shares.

  • 26

    Feb

AAPL Apple
$317.76 /

+8.83 (+2.86%)

01/29/20 JPMorgan
Apple price target raised to $350 from $300 at JPMorgan
01/29/20 Maxim
Apple upgraded to Hold from Sell at Maxim
01/29/20 Cowen
Apple price target raised to $370 from $350 at Cowen
01/29/20 RBC Capital
Apple price target raised to $358 from $330 at RBC Capital

TODAY'S FREE FLY STORIES

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Clearwater Paper

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Berkshire Hathaway

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$0.20 /

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Periodicals
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CHMA

Chiasma

$4.00 /

+0.01 (+0.25%)

Point72 disclosed a 5.9%…

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Nabors Industries

$0.38 /

+0.0366 (+10.66%)

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BioCryst

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WD-40

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+1.13 (+0.65%)

 
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