Apple Analyst Sees $650 Ahead and 4 Investor Insights Making Rounds
Rockwood Holdings Inc. (NYSE:ROC): Current price $54.58
Rockwood Holdings Inc. was added to the short-term buy list at Deutsche Bank.
Cubist Pharmaceuticals Inc. (NASDAQ:CBST): Current price $43.40
Cantor expects Cubist Pharmaceuticals Inc. to provide weaker than expected 2013 guidance as the firm thinks that estimates for United States sales of the company’s Cubicin drug are too high. The firm believes that the company may announce another co-promote partnership this year, but they maintain a Sell rating on the shares.
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Apple Inc. (NASDAQ:AAPL): Current price $499.03
Due to lower iPhone ASP assumptions and expectations for less of a gross margin recovery, UBS cut Apple Inc.’s price target from $700 to $650 and lowered estimates. Shares remain Buy rated.
Boeing Co. (NYSE:BA): Current price $74.0775
Bernstein does not expect the problems with Boeing Co.’s 787 planes to cost the company more than 30c per share. In a worst case scenario, the firm predicts that some of the company’s anticipated cash flow will be delayed until 2014 and they maintain a $98 target price and Outperform rating on the stock.
United States Steel Corp. (NYSE:X): Current price $24.91
Given weak supply-demand fundamentals, Goldman said that a recent multiple expansion in the Steel sector is unwarranted. The analyst sees significant downside risk to Sell rated United States Steel Corp., and Schnitzer Steel (NASDAQ:SCHN) as well as Neutral rated AK Steel (NYSE:AKS), Steel Dynamics(NASDAQ:STLD), and Olympic Steel (NASDAQ:ZEUS).
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