Apple (NASDAQ:AAPL): After performing supply chain checks, UBS says that Apple’s near-term fundamentals are mediocre and that there may be possible delays for new products, and that Street estimates have further to fall. However, new products and services and additional carriers will serve as catalysts later in the year. The firm rates Apple’s shares a Buy, with a $560 price target.
Bernstein is optimistic that Apple is more willing to issue debt to return more cash to shareholders than it was previously, and thinks that the company must return $22 billion to its shareholders in 2013 in order to provide a catalyst to the shares. By raising the dividend by that amount could create a floor of $470 for the shares, and the firm reiterates an Outperform rating.
J.B. Hunt (NASDAQ:JBHT): Cowen says that the long-term outlook for Hunt remains favorable despite the recent earnings disappointment, which the firm attributed to increased costs that are only temporary. Cowen maintains a Buy rating and a $74 price target.
VMware (NYSE:VMW): First quarter channel checks by UBS have revealed upside to licensing revenue, with a very strong close to the quarter. The firm rates the shares a Buy, with a $115 price target.
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