Apple Faces Long-Term Margin Questions and 3 More Research Notes to Look Over
Apple (NASDAQ:AAPL): RW Baird has raised its price target on Apple to $525 from $450 following Apple’s report of its first weekend of iPhone 5S and 5C sales. The firm has raised its estimates on Apple, as well, to reflect higher gross margin assumptions and Apple’s positioning over the next 12 months. However, Baird maintains its Neutral rating due to longer-term margin and competitive questions.
Starbucks (NASDAQ:SBUX): JPMorgan noted that shares of Starbucks are up 75 percent since bottoming on August 2, 2012, and that it sees continued upside to the shares but at a “much more modest” pace. The firm has raised its price target for the stock to $80 from $74 and maintained its Overweight rating.
Nike (NYSE:NKE): Deutsche Bank raised its price target for Nike to $75, just ahead of the company’s first-quarter results on Thursday. The firm maintained a Buy rating on the stock, as it expects an in-line quarter and says that any weakness in the stock from the earnings report will likely lead to a buying opportunity.
Athenahealth (NASDAQ:ATHN): Leerink downgraded Athenahealth to Market Perform from Outperform due to high consensus expectations for 2014 and concerns of a slowdown in the company’s bookings growth rate. The firm lowered its price target for shares to $120 from $135.