Analysts: Apple Will Beat June Estimates and 3 More Research Notes to Check Out

Apple (NASDAQ:AAPL): BMO Capital expects Apple to beat expectations for its June quarter. The firm predicts that the company will benefit from lower warranty expense as a percentage of revenue and is now more encouraged about Apple’s ability to sustain healthy profits over the near and medium term. However, it has longer-term concerns about the outlook for smartphone profits, and it keeps a Market Perform rating on the shares.

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Amazon.com (NASDAQ:AMZN): ISI Group says that Amazon has been successful in converting Prime trial offers into paying Prime subscribers, and it believes that Amazon has added a number of paying Prime members since last year, which should have a positive impact on margins. The analyst raised its price target to $340 from $320 and reiterates its Buy rating.

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Express (NYSE:EXPR): Brean Capital has raised its price target on Express to $28 from $24 following several scheduled institutional meetings. The firm believes the company is well positioned for earnings upside and poised to gain market share, and rates the stock at Buy.

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EMC (NYSE:EMC): Brean Capital believes investors’ concerns over delays relating to the VNX refresh are overblown, as its channel checks show minimal pause if any and thus sees potential upside to guidance resulting from the eventual VNX refresh. The firm rates EMC at Buy with a $30 price target.

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