Apple Analyst Sees $675 Ahead and 4 Investor Insights Making Rounds
CBS Corporation (NYSE:CBS): Current Price: $41.74
Wells Fargo made the decision to lower its Q4 EPS estimate for CBS as a result of lower than expected subscription video on demand and political revenue. The firm keeps its Outperform rating on the stock.
DreamWorks Animation SKG Inc. (NASDAQ:DWA): Current Price: $16.96
The company’s price target has been reduced by Susquehanna after the company’s write-down of Rise of the Guardians. The firm is convinced that the recent write-down underscores that the company continues to be a film studio and film performance is the main earnings driver, which has the ability to push the model more toward the downside. The firm gives the shares a Neutral rating.
Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.
Apple Inc. (NASDAQ:AAPL): Current Price: $510.98
According to FBR Capital, its channel checks throughout Apple’s Q1 showed that there was “exceptionally strong” demand spanning the company’s product segments, which is mainly for the iPhone 5 and iPad mini. The firm also decided to increase its near-term earnings estimates and continues to be convinced that Apple’s Q1 report tonight may have the ability to serve as a positive catalyst, but FBR Capital reduced its 2013 earnings estimate to $54.24 from $55.67 as a means to reflect extended gross margin pressure from supply chain adjustments. The firm keeps its Outperform rating but reduced Apple’s price target to $675 from $725.
Twin Disc Inc. (NASDAQ:TWIN): Current Price: $21.10
Baird has decided to increase its price target on Twin Disc after the company’s Q2 results. The firm is convinced that stock sentiment has the ability to start improving as a result of evidence of a bottoming of backlog, valuation, and improved visibility. The firm gives the stock an Outperform rating.
Marathon Petroleum Corporation (NYSE:MPC): Current Price: $66.96
Imperial Capital decided to raise its price target for Marathon Petroleum as a way to reflect the company’s acquisition of BP’s Texas City, Texas refinery and associated assets. The firm reiterates its Outperform rating on the stock.