Analyst Insights: Apple, JB Hunt, Ulta Salon, American Woodmark, Regions Financial June 6th
Apple Inc. (NASDAQ:AAPL): Jefferies believes U.S. phone carriers are reallocating subsidies from lower end handsets to high-end LTE handsets, which it thinks could help Apple’s (NASDAQ:AAPL) iPhone 5, which it expects to be LTE-enabled. As a result, iPhone prices to the consumer could be lower than prices for mid-range Android devices and other handsets, Jefferies states. Further, the firm continues to believe Apple could announce a television product at WWDC, which runs from June 11-15. Jefferies thinks iTV is in the labs at AT&T (NYSE:T) and Verizon (NYSE:VZ), using U-Verse and FiOS TV, respectively. The firm keeps a Buy rating on shares of Apple with an $800 price target.
JB Hunt Transport Services Inc. (NASDAQ:JBHT): After meeting with J.B. Hunt’s management, Wells Fargo is more optimistic about what it sees as the company’s competitive advantages and attractive intermediate-term growth outlook. The firm maintains an Outperform rating on the stock.
Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA): Baird raised its price target on Ulta Salon following strong Q1 results citing new products and enhanced marketing. The firm also noted increased managment guidance, rapid unit growth, and company’s effective execution. Shares are Outperform rated.
American Woodmark Corp. (NASDAQ:AMWD): Baird raised its price target on American Woodmark following Q4 results. The firm cited increased volumes, structural cost savings, and a favorable risk/reward. Shares are Outperform rated.
Regions Financial Corp. (NYSE:RF): After speaking with Regions Financial’s management, BMO Capital believes that the bank has several available means of increasing its pretax, pre-provision net revenue over Q1 core levels. The firm maintains its $9 target on the stock and reiterates an Outperform rating.
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