Analysts: Apple’s Supplies May Show Improvement and 3 Other Research Notes to Explore
Apple (NASDAQ:AAPL): Piper Jaffray says that its tracking of iPhone 5s inventory shows that supplies of the phone at Apple stores are better than they were for the iPhone 5 at the same point following its launch, but notes that it is difficult to tell if this is due to better supply this year or lower demand. The firm maintains its Overweight rating and $640 price target on Apple.
Nike (NYSE:NKE): UBS expects Nike to have a very positive outlook on the October 9 Analyst Day, and expects potential earnings upside to be driven by a turn in Western Europe, gross margin momentum, and accelerating futures in the near-term. The shares are Buy rated, and the price target has been raised to $82 from $77.
Tesoro (NYSE:TSO): Imperial Capital lowered its estimates and price target for Tesoro to $59 from $65, citing a contraction in refining margins. The firm keeps an Outperform rating on the stock, but note that Tesoro was downgraded this morning at Oppenheimer.
Schlumberger (NYSE:SLB): RBC Capital expects Schlumberger’s margins to rise in 2014, and predicts that the company will continue to post double digit EPS growth. The firm raised its price target on the stock to $102 from $95, and the firm keeps an Outperform rating on the shares.