Analyst Alerts: Salesforce.com, Abercrombie & Fitch, Zumiez, Apple, Applied Materials May 18th
Apple Inc. (NASDAQ:AAPL): After speaking with a large European wireless carrier and a small North American wireless carrier, BMO Capital believes that more countries in Europe will lower their subsidy payments to Apple. The firm adds that U.S. carriers would also like to lower subsidies to Apple, but have different views about the best way to do so. The firm, however, doesn’t expect subsidy changes to significantly affect Apple’s results in the near-term and it maintains a $695 target and Outperform rating on the shares.
Salesforce.com (NYSE:CRM): Baird raised its price target on Salesforce.com following better than expected Q1 results. The firm cited solid growth and raised guidance. Shares are Outperform rated.
Abercrombie & Fitch Co. (NYSE:ANF): After Abercrombie & Fitch reported lower than expected Q1 EPS, BMO Capital believes that investors will be concerned over macro headwinds facing the company’s European business. The firm maintains a Market Perform rating on the stock.
Zumiez, Inc. (NASDAQ:ZUMZ): Baird raised its price target on Zumiez following Q1 results citing better than expected expense leverage, solid momentum, Q2 guidance. Shares are Outperform rated.
Applied Materials Inc. (NASDAQ:AMAT): After Applied Materials reported stronger than expected Q2 results, Stifel Nicolaus is nevertheless disappointed by the company’s guidance. The firm maintains a Buy rating based on valuation.
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