Apple Analyst Sees $800 and 4 Stock Insights to Review
Harley-Davidson, Inc. (NYSE:HOG) price target has been increased by Citigroup after the company reported its Q3 result,s and the firm maintains its Buy rating on the stock.
Questcor Pharmaceuticals, Inc. (NASDAQ:QCOR) is believed by Leerink to have reported solid Q3 results, but the firm continues to be concerned in regards to reimbursement risk for Acthar. The firm reduced its price target range for shares and maintains its Market Perform rating on the stock after Questcor’s Q3 results.
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VMware, Inc. (NYSE:VMW): According to Citigroup, VMware’s total billings saw an 8 percent rise during Q3, which was far lower than its estimate of 14 percent and the consensus expectation of 15 percent. Citi thinks that deteriorating billings causes it to be tough for the company’s growth to reaccelerate in 2013. The firm maintains a Sell rating but reducted its price target to $78 from $84 on the stock.
Apple Inc. (NASDAQ:AAPL): Bernstein thinks that the cannibalization of Apple’s iPad mini could prove to be significant, and the firm also believes that the device has the ability to raise the company’s EPS by less than $1 during its first year. According to Bernstein, Apple will ship fewer iPads than expected this quarter, and it predicts that the company will issue “tepid” guidance. The firm keeps its Outperform rating and a $800 target on the stock.
BE Aerospace Inc. (NASDAQ:BEAV) target has been raised by RBC Capital after the company reported stronger than expected Q3 results. RBC thinks that the company’s multiple has the possibility of expanding modestly, given what the firm believes is its increased exposure to OEM and its increased visibility. The firm keeps its Outperform rating.