Apple Analyst Sees $6.50 Implication and 4 Analyst Insights Making Rounds

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Apple Inc. (NASDAQ:AAPL): Nomura has made comments regarding press reports that Apple could potentially switch its Mac products from Intel (NASDAQ:INTC) based chipsets to its own AX ARM based chipsets. The firm thinks that this could cause Apple to increase $6.50 per share in earnings as a result of cost savings and increased Mac sales. Apple shares have a Neutral rating.

The Men’s Wearhouse, Inc. (NYSE:MW): According to Cowen, in-line Q3 results for Men’s Wearhouse should support its current valuation. The firm predicts that there will be some same-store sales growth, which will offset the possible margin declines, and it believes that outlet unit growth will create new top-line potential. Shares have an Outperform rating.

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Oxford Industries Inc. (NYSE:OXM): Brean Capital has stated that it believes that the recent weakness in Oxford Industries allows investors to be even more aggressive in the shares because of the potential for double digit growth in both the Tommy Bahama and Lily Pulitzer lines, margin expansion, and potential for unit and international expansion. Shares have a Buy rating and a $60 price target.

Darden Restaurants, Inc. (NYSE:DRI) preannounced lower Q2 EPS than predicted, and Oppenheimer claims that Darden’s comps could potentially become more difficult during the winter. The firm believes that the company’s results are negative for other casual dining companies, mainly Buffalo Wild Wings (NASDAQ:BWLD) and Texas Roadhouse (NASDAQ:TXRH). The firm keeps its Outperform rating on the stock due to valuation.

Canadian Pacific Railway Limited (NYSE:CP) is still believed by Morgan Stanley to be the most compelling railroad stock. The analyst thinks that the new CEO is making progress on headcount reductions, yard improvements, and service goals. The analyst predicts that consensus estimates will continue to move higher, and it keeps its Outperform rating and $127 price target on the stock.

Don’t Miss: Here’s How Apple is Preparing to Cut Out Samsung.


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