UPDATE: Barclays Upgrades Apple (AAPL) to Overweight
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Apple (AAPL) Estimates Adjusted, PT Raised at Susquehanna
July 15, 2014 6:34 AM EDTSusquehanna analyst Chris Caso updated estimates and lifted his price target on Positive-rated Apple (NASDAQ: AAPL) to $115.00 (from $104.00) ahead of the iPhone 6 launch and Q3 earnings results on July 22.
With respect to iPhone 6, the firm's unit assumptions are close to consensus expectations, but we do expect the 5.5 iPhone 6 model to initially be in tight supply due to what we consider to be typical production constraints. "In total, we expect 10 mln units of the 5.5 model to be sold in C4Q," Caso said. "However, we think its possible for as much as 20... More
