Analysts: Apple’s Fourth Quarter Predicted to Exceed Estimates and 3 More Research Notes to Browse
Apple Inc. (NASDAQ:AAPL): Cantor predicts that Apple’s fourth-quarter results will beat the current consensus estimates, and the firm expects the company’s earnings per share to rise in the 2014 fiscal year versus 2013; Cantor now believes that Apple stock can surpass its $777 price target, and it keeps a Buy rating on the shares.
Crocs Inc. (NASDAQ:CROX): Piper Jaffray downgraded Crocs to Neutral from Overweight, citing choppy near-term trends in the U.S.. and weakening comp-store sales in Japan; the firm lowered its price target for Crocs shares to $15 from $18.
ARM Holdings (NYSE:ARM): Benchmark Co. downgraded ARM Holdings to Hold from Buy after lowering its rating on the semiconductor sector to Market Weight from Overweight; the firm lowered its price target for shares to $50 from $54, saying that ARM Holding’s valuation multiple may make its shares susceptible to underperformance.
Transocean Ltd. (NYSE:RIG): Goldman downgraded Transocean to Sell from Neutral due to relative valuation, weakening offshore rig market fundamentals, and the challenges facing fifth-generation rigs; the firm lowered its price target on Transocean shares to $50 from $53.