Analysts: Chinese iPhone Sales Declining Rapidly and 3 More Research Notes to Read
Apple Inc. (NASDAQ:AAPL): Wedge Partners believes that Apple iPhone 5/4S sales have declined faster in Q2 from Q1 than expected in China, adding that that retail channels and operators have cut prices on iPhone 5 and 4S by 10 percent recently and reduced subsidies.
Lionsgate (NYSE:LGF): Barrington has brought its price target up to $34 from $28, as the firm believes that the company is benefiting from its acquisition of Summit, its growing TV business, and a strong management team. It keeps an Outperform rating on Lionsgate shares.
Stanley Black & Decker (NYSE:SWK): RW Baird noted that Stanley Black & Decker held a well executed analyst day, that focused on growth opportunities in untapped markets. Baird sees a favorable risk/reward ratio, citing its free cash flow, below peer valuation, and history of execution. It keeps an Outperform rating on the shares, with an $85 price target.
Green Mountain Coffee Roasters (NASDAQ:GMCR): Imperial Capital has initiated coverage on Green Mountain with an Outperform, given the company’s leadership position in the single-serve beverage segment. It puts a $95 price target on the shares.
Don’t Miss: Is It Fair to Tax iTunes Purchases?