Big Bank Analysts See Apple Stock Weakness as Buying Opportunity and Other Insights Now

Apple Inc. (NASDAQ:AAPL): JPMorgan said Apple’s IR department has stated that the iPhone 5 pre-orders that have not been shipped yet are not included in the 5 million figure. The analyst thinks that investors should focus on the quickness of the global roll out and orders and views weakness as a buying opportunity. The shares also had positive mention at Bank of America Merrill Lynch.

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Monsanto Co. (NYSE:MON) price target was increased by Argus to $109 before company’s Q4 report, due to valuation and the hope  that Monsanto will see some benefits from the drought. The firm keeps a Buy rating on the stock.

Genomic Health Inc. (NASDAQ:GHDX): Piper Jaffray claims that it discovered changes in the CMS Medicare Administrative Contractor for California, and Noridian won the Jurisdiction E contract from current provider Palmetto. Piper does not believe that the change will affect near-time impact to Genomic Health’s Oncotype breast and colon assays, but thinks that it could indicate possible reimbursement uncertainty longer term. Piper maintains its Overweight rating on the stock.

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