Analysts: Apple-China Mobile Deal Will Be Announced this Year and 3 More Research Notes to Read
Apple (NASDAQ:AAPL): UBS has raised Apple’s 2014 and 2015 estimates based on a higher iPhone 5C price and margin assumptions, and expects a China Mobile deal to be announced by year’s end. The shares are Buy rated with a price target of $560, up from $500.
Nasdaq (NASDAQ:NDAQ): Raymond James has upgraded Nasdaq to Strong Buy from Outperform based on compelling valuation and upside from its recent eSpeed acquisition. The price target has been raised to $38 from $36.
Garmin (NASDAQ:GRMN): Goldman has upgraded Garmin to Neutral from Sell based on valuation and its entry into the action video camera market with the launch of VIRB and VIRB Elite action camera products. The price target is $39.
Royal Caribbean (NYSE:RCL): Morgan Stanley has upgraded Royal Caribbean to Overweight from Equal Weight based on the company management’s focus on costs and ROCE, balance sheet improvement, and valuation. The price target has been raised to $49 from $37.