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Fly News Breaks for January 24, 2020
Jan 24, 2020 | 08:16 EDT
Cowen analyst Krish Sankar raised his price target on Apple to $350 from $325 despite expectations for in-line quarterly results with slightly better than expected guidance. The analyst noted the iPhone 11 cycle is going well and the impending launch of the SE2 and 5G phones later in the year could add further momentum to year-over-year unit growth trends. Sankar reiterated his Outperform rating on Apple shares.
News For AAPL From the Last 2 Days
Feb 27, 2020 | 17:41 EDT
Coronavirus fears continue to grip the market as cases in California, aggressive response measures in countries outside of the U. S... To see the rest of the story go to See Story Here
Feb 27, 2020 | 12:19 EDT
Stocks are extending the pullback that has taken the S&P from a record high to a correction in a matter of only ten days as headlines about the coronavirus continue to dominate sentiment. In some the... To see the rest of the story go to See Story Here
Feb 27, 2020 | 08:43 EST
Morgan Stanley analyst Adam Jonas said many investors he has spoken to have a difficult time thinking about how Tesla (TSLA) can maintain, if not grow, its already "very high" market share in battery electric vehicles, which are concerns that he views as valid. He sees the potential for some traditional OEMs to do the bulk of the tech development and manufacturing in-house for the majority of their EVs, but also sees potential for Tesla to play the role of third party BEV powertrain supplier to competing automakers. He also outlines the potential of a "non-Tesla tech consortium," given the "significant and growing interest" shown by the likes of Apple (AAPL) and Alphabet (GOOGL) in exploring commercial opportunities in the global auto market. Jonas, who sees "several opportunities" for legacy automakers to take increasing share of the battery electric vehicle market, keeps an Underweight rating and $500 price target on Tesla shares.
Feb 27, 2020 | 08:06 EST
Apple has lost two veteran execs from manufacturing, supply chain, and operations groups who had key roles in the production of major devices, Bloomberg's Mark Gurman reports. According to people familiar with the matter, Nick Forlenza, a VP of manufacturing design, has retired from Apple, while Duco Pasmooij, another VP who worked on operations, is discussing an exit in the near future. Reference Link
Feb 26, 2020 | 17:05 EDT
Stocks seemed in the early going like they might bounce back after the CDC's warnings about its expectations for the coronavirus to spread in the U. S... To see the rest of the story go to See Story Here
Feb 26, 2020 | 15:07 EST
After Bloomberg reported that Nokia (NOK) is working with advisers to explore strategic options, JPMorgan analyst Sandeep Deshpande said that the company's "only viable" options are a sale to an unrelated tech company or asset sales. A deal with Ericsson (ERIC) is "completely unlikely" and one with Samsung (SSNLF) is "more likely but not substantially so" given that Western governments and regulators want more players in 5G, not less, Deshpande contends. A sale to a U.S. company would likely be welcomed in the U.S., but "obvious choices" such as Cisco (CSCO) or Apple (AAPL) are unlikely to be interested, the analyst believes. While a smaller U.S. technology company exposed to government contracts could have interest, he cannot identify an "obvious acquirer," added Deshpande, who has a Neutral rating and EUR 3.75 price target on Nokia shares.