Analysts: Apple’s New iPads Will Drive Demand and 3 More Research Notes to Read
Apple Inc. (NASDAQ:AAPL): After Apple announced enhancements to its iPad mini and the launch of the iPad Air on Tuesday, RBC Capital is expecting significant demand for the new devices. The firm keeps a $550 price target and Outperform rating on Apple stock.
EMC Corp. (NYSE:EMC): Brean Capital recommends buying into EMC on the dip, as the firm sees the weakness as being overdone. Brean believes there is upside potential from the VNX refresh, that free cash flow will continue to be a positive, and that strategic initiatives are not priced into the equity value; EMC shares remain Buy rated, but the price target was lowered to $30 from $31.
RadioShack Corp. (NYSE:RSH): Raymond James would not buy RadioShack stock on the pullback, as the firm notes that RadioShack is facing an increasingly competitive landscape, negative product cycle changes, and an impaired balance sheet and image. The firm has a Market Perform rating on the shares.
Papa John’s (NASDAQ:PZZA): Janney Capital upgraded Papa John’s to Buy from Neutral, pointing out that Papa John’s continues to take market share partly due to digital pizza-ordering technologies at the expense of regional chains and mom-and-pop outlets. The price target is set at $85.
Don’t Miss: Apple’s Focusing on China With New iPad Release.