Analysts: Apple’s Buyback Cause for Upgrade and 2 Other Research Notes to Check Out
Apple (NASDAQ:AAPL): Hilliard Lyons has upgraded shares of Apple from Buy to Long-Term, citing valuation as well as the $60 billion stock buyback and 3 percent dividend yield. However, the firm lowered its price target, from $680 to $540.
Western Digital (NASDAQ:WDC): Needham has raised its price target for Western Digital, from $52 to $65, following the company’s Q3 results. It reiterates a Strong Buy rating on the stock.
F5 Networks (NASDAQ:FFIV): RW Baird has lowered its price target on F5 Networks, given the company’s in-line results to better reflect the firm’s free cash flow per share. Baird believes the challenges to its Telco business are more timing related, rather than structural in nature, and the the firm keeps an Outperform rating on the stock.
Don’t Miss: Apple’s Massive Cash Hoard Hits New Record.