Apple Considers Larger iPhone Screen in China and 3 Other Research Notes to Peruse
Apple (NASDAQ:AAPL): After The Wall Street Journal reported that Apple is considering launching an iPhone with a significantly larger screen, Cantor believes that such a device would increase Apple’s sales in China. The firm keeps a $777 price target on the shares and a Buy rating on the stock.
Incyte (NASDAQ:INCY): UBS increased its price target on Incyte to $42 from $28, as the firm thinks the company has several upcoming catalysts in the second half of 2013. The firm is upbeat on the company’s long-term outlook and included positive pancreatic cancer trial results in its valuation. UBS expects the company’s growth opportunities to expand, and it keeps a Buy rating on the shares.
Murphy Oil (NYSE:MUR): Brean Capital lowered its price target on Murphy Oil to $68 from $77 to reflect the spinoff of its U.S. retail marketing business, putting the company on its way to being a pure-play exploration and production company. The shares remain Buy rated.
eBay (NASDAQ:EBAY): RW Baird’s Marketplace survey indicates that eBay’s U.S. transaction growth accelerated to 15 percent year-over-year against low teens estimates in July, adding visibility to the third quarter. The firm adds that U.K. e-commerce August trends also improved and that the updated PayPal app is another step toward Mobile Wallet/In-Store payments. The shares are rated Outperform with a $65 price target.