Apple Shipment Estimates Lowered and 4 Investor Insights Making Rounds
Apple Inc. (NASDAQ:AAPL): Current Price: $524.10
CLSA reduced both its March quarter iPhone shipments estimate and its price target as a way to reflect reduced estimates, slower growth in high-end smartphones, and margin uncertainty. Shares keep a Buy rating.
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Universal Display Corp. (NASDAQ:PANL): Current Price: $25.55
JMP Securities is convinced that Universal Display’s has seen weakness in its stock as a result of concerns regarding the high costs of LG’s new 55 OLED HDTVs, along with few details concerning the timetable for the release of a similar product by Samsung (SSNLF). The firm continues to be confident that Universal Display’s total addressable market will keep growing, and it keeps its Outperform rating on the stock.
The Coca-Cola Company (NYSE:KO): Current Price: $36.65
Coca-Cola and Pepsi (NYSE:PEP) estimates have been reduced by Bernstein as a means to show the weak outlook for CSD trends. The firm also reduced Coca-Cola’s price target to $43 from $44 and Pepsi’s to $79 from $80.