Apple Inc. (NASDAQ:AAPL): RBC Capital expects Apple to announce a high-range and mid-range iPhone on Tuesday, as well as a deal with China Mobile (NYSE:CHL). The firm keeps a $525 price target on the shares and an Outperform rating.
Lockheed Martin (NYSE:LMT): RBC Capital downgraded Lockheed Martin to Sector Perform from Outperform. The firm downgraded the stock based on upcoming defense budget cuts, potential changes in demand for stock dividends, and valuation, giving shares a $126 price target.
Micron (NASDAQ:MU): Wedge Partners believes it will be at least two months before Micron competitor Hynix’s Wuxi factory is back to normal levels of production after a devastating fire. The firm thinks Hynix suspended price negotiations and deliveries to main clients.
GameStop (NYSE:GME): Sterne Agee said Thursday’s GameStop strength can be attributed to Wednesday’s Xbox One release and Rockstar insisting that online retailers ship Grand Theft Auto V so the title arrives the day of the retail launch and not before, which levels the playing field.