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Fly News Breaks for May 20, 2019
May 20, 2019 | 07:40 EDT
HSBC analyst Erwan Rambourg lowered his price target for Apple to $174 from $180 while maintaining a Reduce rating on the shares. Apple closed Friday down $1.08 to $189.00. China "remains an issue and we don't see it going away anytime soon," Rambourg tells investors in a research note. Further, company communication around the Services unit "cannot compensate for the reality of a shrinking core iPhone product," adds the analyst. Rambourg cites renewed China growth risk and tariffs for his decreased price target.
News For AAPL From the Last 2 Days
Jun 17, 2019 | 18:44 EDT
Apple's tvOS 13 beta 2 includes support for Picture-in-Picture video playback, 9to5Mac's Benjamin Mayo reports. Users can now view shows from the Apple TV app while multitasking around the rest of the OS, Mayo says. Reference Link
Jun 17, 2019 | 15:13 EDT
While Netflix (NFLX), Disney (DIS) and Apple (AAPL) continue investing in original animated content for kids, Amazon Studios (AMZN) is telling producers that it is no longer interested in developing new original animated shows for children but is shifting its focus to programming for young adults and that families can view together, according to The Los Angeles Times' Wendy Lee, citing four people familiar with the matter. Reference Link
Jun 17, 2019 | 11:24 EDT
Check out today's top analyst calls from around Wall Street, compiled by The Fly. SYMANTEC BOOSTED TO... To see the rest of the story go to See Story Here
Jun 17, 2019 | 09:34 EDT
Loop Capital analyst Ananda Baruah kept his Hold rating and $190 price target on Apple, saying that while the company's iPhone unit demand is tracking in line with consensus for the current quarter, he believes that the Street is too high regarding revenue expectations for the back half of the year on both both units and capacity per unit basis. The analyst further states that Apple shares have "settled in" around his target, with the stock also benefiting from the "rotational safe haven" and increasing yield-driven investment interest.
Jun 15, 2019 | 07:17 EDT
Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump and his administration with this weekly recap compiled by The Fly: 1. BROADCOM: Shares of... To see the rest of the story go to See Story Here