Apple Suppliers on Watch on Disappointing Q1 Print and Initial Sell-Off
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FBR Capital Latest to Cut Apple (AAPL), But Says Catalysts Could Create a Floor
January 25, 2013 11:37 AM ESTWhile most on Wall Street slashed their price target on Apple (NASDAQ: AAPL) on Thursday, FBR Capital's Scott Thompson waited a day. In a report out this morning, Thompson cut his price target from $675 to $625, while maintained an Outperform rating.
He noted iPhone, iPad, and Mac unit volumes and ASPs were below our/consensus expectations and well below levels necessary to serve as a much needed positive catalyst for the shares.
While the Q1 report was... More
BMO Capital Cuts PT on Apple (AAPL); 'Reset Delivered'
January 24, 2013 8:35 AM ESTBMO Capital analyst Keith Bachman cut his price target on Apple (NASDAQ: AAPL) from $640 to $580 following results. He maintained an Outperform rating
Commenting, he said: "We believe investors will be left to wonder, what does the "new guidance" mean? Our... More
Topeka's Brian White Cuts Legendary Apple (AAPL) Price Target
January 24, 2013 8:12 AM ESTTopeka Capital's Brian White cuts his legendary $1,1111 Apple (NASDAQ: AAPL) price target to $888 following Q1 results. He maintained a Buy rating.
White commented, "Last night, Apple reported 1QFY13 results and offered up a 2QFY13 sales outlook that was inline with our model but fell... More
Goldman Sachs Says Despite Disappointment, Apple (AAPL) Not Broken
January 24, 2013 7:52 AM ESTGoldman Sachs cut its price target on Apple (NASDAQ: AAPL) from $760 to $660 but maintained its Conviction Buy List rating following Q1 results.
Commenting on the change in guidance, Goldman's Bill Shope notes: "The problem, and the key disappointment in the call,... More
Sterne Agee Cuts PT on Apple (AAPL) Despite 'Decent' December Quarter
January 24, 2013 7:30 AM ESTSterne Agee's Shaw Wu lowered his price target on Buy-rated Apple (NASDAQ: AAPL) from $840 to $715 following Q1 results.
Commenting on the quarter, Wu notes: "AAPL reported the strongest quarter in its 36-yr history adding $16 billion in cash but below expectations of a... More
Apple (AAPL) Slammed; Q1 Results Shows Zero Profit Growth, Sales Miss Estimates
January 23, 2013 5:40 PM ESTIt's official, the mighty Apple (Nasdaq: AAPL) has stopped growing profits. Shares of the iPhone giant are under heavy pressure after-hours Wednesday following uninspiring first quarter results that beat analyst estimates on the bottom-line but missed on the top-line. Also, iPhone sales, while strong, failed to live up to loft expectations. The company is also getting more 'realistic' on its forward guidance.
For the first time in recent memory, Apple has failed to grow profits. The company posted net profit of... More
