Apple Analyst Sees $750 Ahead and 4 Stock Insights to Eye
Intercontinental Exchange, Inc. (NYSE:ICE): Stifel Nicolaus believes that the risk/reward ratio of Intercontinental Exchange, Inc.’s shares are highly favorable and the firm thinks the chances of the company launching a dividend have increased. They maintain a $165 price target and Buy rating on their stock.
Apple Inc. (NASDAQ:AAPL): Baird expects Apple Inc. to report solid fourth quarter results on October 25, but said that the focus in the first quarter will be on commentaries regarding the iPhone 5. The firm sees a strong overall demand, but supply is constrained, there are questions about market strategy and there is the perception of slowing innovation. Shares remain Outperform rated with a $750 price target.
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Affymax, Inc. (NASDAQ:AFFY): Following their pullback and after meeting with management, Baird said that Affymax, Inc. should be bought aggressively. The firm raised their estimates on Omonty’s and is increasingly confident that their near-term prospects will beat consensus revenues. Shares are Outperform rated with a $30 price target.
Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR): KeyBanc believes that Green Mountain Coffee Roasters Inc., over the longer term, is poised to be the market leader in the Unites States single serve coffee market. The firm thinks it is unlikely that a K-cup price war will break out in the near future. KeyBanc views Green Mountain as a “show-me” story over the next few quarters, but reiterates a $36 target and Buy rating on their shares.
Xerox Corp. (NYSE:XRX): Citing OEM expansion to begin in the December quarter, Brean Capital said shares of Xerox Corp. remain attractive at current levels due to the benefits from their share buyback program and the belief that management will reaffirm their 2012 guidance.