Analysts: Apple Faces Stronger Competition and 3 More Research Notes to Explore
Apple (NASDAQ:AAPL): Needham has lowered its price target for Apple shares to $595 from $710, citing a more intense competitive environment since its last valuation update in February. The firm keeps a Buy rating on the stock.
T-Mobile US (NYSE:TMUS): Oppenheimer upgraded T-Mobile to Perform from Underperform, citing the company’s valuation and the nearly complete first stage of its LTE network upgrades.
Cisco (NASDAQ:CSCO): Stifel reports that its checks on Cisco have been positive this quarter, with VARs reporting improvement among enterprises. The firm thinks the company’s guidance for 4 percent to 7 percent year-over-year growth in the July quarter is conservative, though it adds that the stock’s reaction to the results in the near term could be muted, as investors’ expectations are relatively high. The firm keeps a Buy rating on the shares.
Krispy Kreme (NYSE:KKD): Janney Capital upgraded Krispy Kreme to Buy from Neutral ahead of the August 29 second-quarter report. The firm upgraded shares due to strong same-store sales momentum, accelerating unit growth, and improving unit economics. The firm raised its second-quarter EPS estimate to 16 cents versus consensus of 15 cents and set a price target of $26.