Apple (NASDAQ:AAPL): Bernstein believes that Apple’s iPhones can continue to sell at a significant premium and higher gross margins than competing products, since Apple’s Macs now sell for double the price of PCs, the firm notes. It keeps a $600 price target and Outperform rating on the shares.
News Corp. (NASDAQ:NWSA): Credit Suisse, ahead of the company’s June 28 stock split, has raised its price target to $40 from $36, and reiterates its Outperform rating noting that it would buy shares on any pullback.
Maxim Integrated (NASDAQ:MXIM): JPMorgan has downgraded shares of Maxim, citing smartphone market share loss by the company’s largest customer, Samsung (SSNLF.PK). The firm also lowered its price target for Maxim shares, to $30 from $38.
Cree (NASDAQ:CREE): Strong LED lighting adoption trends have led Stifel to increase its price target on the company to $70 from $59. The firm, which thinks that the company will be at the high end of its Q4 guidance range or surpass the range, keeps a Buy rating on the shares.
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