Apple Shipment Estimates Lowered and 4 Investor Insights Making Rounds
Apple Inc. (NASDAQ:AAPL): Current Price: $524.10
CLSA reduced both its March quarter iPhone shipments estimate and its price target as a way to reflect reduced estimates, slower growth in high-end smartphones, and margin uncertainty. Shares keep a Buy rating.
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Universal Display Corp. (NASDAQ:PANL): Current Price: $25.55
JMP Securities is convinced that Universal Display’s has seen weakness in its stock as a result of concerns regarding the high costs of LG’s new 55 OLED HDTVs, along with few details concerning the timetable for the release of a similar product by Samsung (SSNLF). The firm continues to be confident that Universal Display’s total addressable market will keep growing, and it keeps its Outperform rating on the stock.
The Coca-Cola Company (NYSE:KO): Current Price: $36.65
Coca-Cola and Pepsi (NYSE:PEP) estimates have been reduced by Bernstein as a means to show the weak outlook for CSD trends. The firm also reduced Coca-Cola’s price target to $43 from $44 and Pepsi’s to $79 from $80.
Covance Inc. (NYSE:CVD): Current Price: $62.85
The company’s price target has been increased by Baird after the company’s positive Q4 results. The firm mentioned the company’s growth guidance, abatement of cancellations, and improving volumes. Shares have an Outperform rating.
Citrix Systems, Inc. (NASDAQ:CTXS): Current Price: $70.66
According to Cowen, fundamentals growth and stock appreciation for Citrix Systems appear to be bright. Furthermore, the firm mentioned the recent pullback in the company’s shares but continues to think that the desktop business is in a better position than believed by the majority of investors. Shares have an Outperform rating.
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