Analysts: Apple a Buy on Strong September Quarter and 3 More Research Notes to Peruse
Apple Inc. (NASDAQ:AAPL): Morgan Stanley recommends buying Apple on a strong September quarter and expects earnings per share of $8, with revenues of $37 billion; the firm believes Apple is at an inflection point, and sees signs of iOS 7 and 5s innovation, strong positioning for the next computer cycle, and a building management bench. The analyst rated the shares Overweight with a $540 price target.
T-Mobile US (NYSE:TMUS): Goldman added T-Mobile to the Conviction Buy List based on expectations that operating momentum continued into the third quarter, postpaid growth was above consensus, and increasing prepaid contributions; the firm rated T-Mobile shares a Buy, with a $32 price target.
Las Vegas Sands (NYSE:LVS): Citigroup raised its price target for Las Vegas Sands to $82 from $72 following the company’s third-quarter results; the firm increased dividends and kept a Buy rating on the stock, noting that Las Vegas Sands trades at a 24 percent discount to Sands China.
Zynga Inc. (NASDAQ:ZNGA): Wedbush expects Zynga to meet or beat conservative third-quarter guidance, and for outlook to remain conservative until the new CEO right-sizes the company; the firm rates Zynga shares a Buy, pegging them with a $4.25 price target.