Analysts: Apple Continues to Exceed Guidance and 3 More Research Notes to Check Out
Apple Inc. (NASDAQ:AAPL) Citigroup raised its price target for Apple shares by $100 to $530, citing the company’s better-than-guidance performance, but keeps a Neutral rating on Apple stock; the firm still sees risk of a downside in the March quarter due to a post-release fall off in iPhone sales.
Michael Kors Holdings Ltd. (NYSE:KORS): Wells Fargo downgraded Michael Kors to Market Perform from Outperform, noting valuation and challenging sales productivity comparisons; the firm keeps a $75-$79 price target range on Michael Kors shares.
Cognizant Technology Solutions (NASDAQ:CTSH): Jefferies raised its price target for Cognizant shares to $102 from $87 ahead of the company’s third-quarter results due out November 5 and maintains a Buy rating on the name; the firm says that while expectations for the third quarter are high, fourth- and first-quarter estimates for Cognizant look beatable.
Colgate-Palmolive Co. (NYSE:CL): Credit Suisse believes Colgate’s strong growth drivers remain intact and should lead to 5 percent-6 percent like-for-like sales growth in 2014. The firm continues to rate Colgate-Palmolive an Outperform and a Top Pick; the analyst also raised the price target for the stock to $72 from $63.