Analysts: Apple Won’t Release a Low-Cost iPhone and 3 Other Research Notes to Browse
Apple (NASDAQ:AAPL): Pacific Crest is not expecting Apple to launch a low-cost iPhone, which the firm believes will benefit the company as concerns about margin compression will ease. However, in light of challenges to long-term growth, the firm keeps a Sector Perform rating on the shares.
Hewlett-Packard (NYSE:HPQ): Enterprise and consumer-end demand remains soft, according to Cleveland Research, while the competitive environment remains challenging and pricing continues to get worse. The firm keeps its sub-Street estimates, and recommends staying on the sidelines.
Halcon Resources (NYSE:HK): Relative valuation and expectations for strong organic production growth and meaningful resource test results urged Stifel to upgrade Halcon to Buy from Hold. The price target is set at $8.50.
J.C. Penney (NYSE:JCP): Given the attractive turnaround story, Buckingham recommends adding to J.C. Penney. The firm says that stabilizing sales and recently secured financing will attract a CEO that can then capitalize on its lean expense base and ultimately drive profitability. It rates the shares Buy, with a $23 price target.
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