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Riverbed Technology, Inc. (NASDAQ:RVBD): According to FBR, its field checks on Riverbed continue to be positive with only a few weeks left September’s quarter. The firm thinks that good execution along with a good product cycle will be enough to offset macro headwinds, and the firm keeps its Outperform rating on the stock.
Don’t Miss: INTRODUCING: The iPhone 5.
QUALCOMM Incorporated (NASDAQ:QCOM) is expected by Oppenheimer to issue conservative guidance for FY13 whose midpoint could be lower than the consensus estimate. Oppenheimer continues to view Qualcomm’s fundamentals as positive, as the company is still in the position for share gains which may have the ability to exceed guidance. The firm keeps its Outperform rating on the stpck.
Apple Inc. (NASDAQ:AAPL) estimates and price target have been increased by FBR Capital after the company’s announcement of the iPhone 5. The iPhone 5 is expected to be one of the largest share drivers within the next 12 months. The firm keeps its Outperform rating on the stock.
Abercrombie & Fitch Co. (NYSE:ANF): CNBC reported that Abercrombie & Fitch had hired Goldman Sachs as an advisor, but Oppenheimer does not believe that the retailer will get any takeover bids higher than $66. The firm does not think that such a bid would be accepted by the company, but it views the risk/reward ratio of the stock as favorable and keeps an Outperform rating on the stock.
Apple Inc. (NASDAQ:AAPL): According to Goldman, the new iPhone 5 rollout has occurred more quickly than was initially expected and indicating that fear in regards to severe supply constraints are overdone. The firm has increased its FY2014 estimates, and it keeps its Conviction Buy rating with a price target that has been increased to $810 from $790.
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