Stock Insights: Apple, American Public Education, JPMorgan May 11th
Apple Inc. (NASDAQ:AAPL): Credit Suisse lowered Apple 2012 and 2013 earnings estimates to reflect increased carrier pressures from tougher smartphone upgrade policies. The analyst believes Apple is more susceptible to carrier changes near-term than other vendors but continues to expect robust bottom-line growth and views valuation as compelling. Shares are Outperform rated with a $750 price target.
American Public Education, Inc. (NASDAQ:APEI): William Blair continues to view American Public as one of the long-term winners in the industry following the company’s Q1 results, and recommends buying the stock today on any weakness beyond a 10% decline. The firm maintains an Outperform rating on the stock.
JPMorgan Chase & Co. (NYSE:JPM): Bernstein believes JPMorgan’s trading loss could lead to further regulatory scurrility and increased investor skepticism surrounding results and credibility. Shares remain Outperform rated. CLSA’s Mike Mayo said JPMorgan’s $2B trading loss raises questions regarding checks and balances and increases increases regulatory scrutiny. Shares are Underperform rated. After JPMorgan disclosed that it had lost $2B on a trading position in Q2, Oppenheimer estimates that the loss on this position will double to $4B by June 30. However, the firm thinks that the overall negative impact of the situation on the stock is limited and it maintains an Outperform rating on the shares.
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