Analysts: Apple Margins Are a Positive Catalyst and 3 More Research Notes to Look Over
Apple Inc. (NASDAQ:AAPL): Deutsche Bank believes that the new iPhone 5S and 5C have higher margins than the iPhone 5 had at this time last year and expects Apple to issue December quarter gross margin guidance of flat to up year-over-year, which it believes could be a positive catalyst for shares. Deutsche believes Apple represents an attractive value and keeps a Buy rating on the stock with a $575 price target.
Alaska Air (NYSE:ALK): Imperial Capital has upgraded Alaska Air to Outperform from In-Line, saying that competitive concerns in Seattle are overblown. The firm believes that Delta traffic should present upside to Alaska Air and raised its price target for shares to $70 from $63.
Edwards Lifesciences (NYSE:EW): Citigroup has upgraded Edwards Lifesciences to Buy from Neutral, citing an attractive risk/reward profile and upcoming catalysts from the Sapien 3 launch. The firm also raised its price target Edwards Lifesciences shares to $86 from $75.
Melco Crown (NASDAQ:MPEL): Jefferies has upgraded Melco Crown to Buy from Hold with a $41.80 price target based on the firm’s expectations that the company’s Manila project and Studio City in Macau will continue to drive growth.
Investing Insights: Can Apple Benefit from a New Big Hire?