Analysts: Apple’s Experiencing ‘Mixed Demand’ For iPhone and 3 More Research Notes to Explore

Apple (NASDAQ:AAPL): Oppenheimer has reduced its estimates for Apple’s June quarter, based on ”mixed demand” for Apple’s iPhone 5. The firm also lowered its September quarter estimates for the company, as it had previously expected a new iPhone to be launched early in the summer, but now expects it to debut around September. The firm reduced its price target on Apple to $460 from $480 but keeps an Outperform rating.

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Boeing (NYSE:BA): Argus increased its price target on Boeing to $115 from $102, following the Paris Air Show. The firm believes that the company continues to dominate the long-haul market, and expects the company to generate strong cash flow during the second half of the year as 787 deliveries accelerate. It keeps a Buy rating on the shares.

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Navistar (NYSE:NAV): Jefferies says that Navistar’s CFO change is continuing with the company’s transition, and that the recent pullback in the stock looks overdone. The firm points out that Navistar is showing sequential improvement in order rates, and it keeps a Buy rating on the stock with a $45 price target.

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Fusion-io (NYSE:FIO): UBS believes that Fusion-io’s next 30 percent move is likely up, and expects 2013 revenue growth of 20 percent (despite earlier guidance down) and 30 percent growth in 2013. The firm also points out the key summer calendar events include FY14 outlook, 20nm product transition, and an investor perception study that will aid communication. The firm rates the shares at Buy, with a $19 price target.

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