Apple Analyst Highlights China’s Importance and 3 Analyst Insights Making Rounds
Starbucks Corp. (NASDAQ:SBUX): After attending Starbucks Corp.’s Analyst Day, Oppenheimer thinks that the company’s brand has never been stronger. The firm believes Starbucks can execute their European turn around plan and they maintain an Outperform rating.
Apple Inc. (NASDAQ:AAPL): Atlantic Equities stated that there were a few things that caused Apple Inc.’s weakness yesterday, but the main reason was due to AT&T’s (NYSE:T) commentary that the smartphone market grew at a high single digit rate in October and November. The firm believes this highlights the maturity of the smartphone market in developed markets and how important it is for the iPhone to regain momentum in China. Shares of Apple are Overweight rated.
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Hertz Global Holdings, Inc. (NYSE:HTZ): After meeting with Hertz Global Holdings, Inc.’s management, Wells Fargo thinks that the company’s near-term outlook is positive. The firm maintains an Outperform rating on the stock.
Dick’s Sporting Goods Inc. (NYSE:DKS): Following their announcement of both a special $2 per share dividend and the retirement of their Chief Financial Officer, Baird believes that Dick’s Sporting Goods Inc. remains a good growth stock. They noted the easing of their fourth quarter comps, unit growth potential, and margin expansion opportunities. Shares are Outperform rated with a $60 price target.
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