UBS Bullish on Apple Inc Shares as Analysts These Reveal Insights
Apple Inc. (NASDAQ:AAPL): UBS expects Apple to have a big holiday quarter and report upside to its $9.90/$38.5B estimates and the Street’s $10.03/$38.80B estimates. The firm sees a limited impact from the HDD shortage in Thailand and expects typically conservative guidance. Shares are Buy rated with a $510 price target.
Freeport-McMoRan Copper & Gold Inc.(NYSE:FCX): Goldman said the copper market remains tight and expects Freeport to continue to generate cash throughout the year. The firm adds that Freeport could announce a special dividend as early as Q2 2012. Shares are Buy rated.
Johnson Controls Inc.(NYSE:JCI): After Johnson Controls reported Q1 results that Wells Fargo views as disappointing in a number of areas, the firm thinks the stock lacks catalysts in the “very near-term.” However, the firm expects the stock to rebound in the longer term and it maintains an Outperform rating.
East West Bancorp, Inc.(NASDAQ:EWBC): After East West Bancorp reported higher than expected Q4 EPS, Sterne Agee believes that the growth of the company’s balance sheet continues to be impressive and the firm maintains a Buy rating.
Intuitive Surgical, Inc.(NASDAQ:ISRG): Lazard Capital raised its estimates and price target for Intuitive Surgical citing the company’s strong Q4 results and guidance. The firm keeps a Buy rating on the stock.
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