Apple Q3 Miss Due to SHIFT In Demand and 3 Stock Analyses Attracting Attention
Buffalo Wild Wings Inc. (NASDAQ:BWLD): According to Baird, the expected weakness for Buffalo Wild Wings after its disappointing results for Q2 should be used as a buying opportunity. The firm thinks that near-term margin pressures are transitory, and because of its internal operating fundamentals, the firm remains confident in its long term story. Baird believes valuation is attractive currently and that it may attract buyout interest.
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Norfolk Southern Corp. (NYSE:NSC) price target was increased by Baird following its Q2 results. The firm mentioned the company’s strong operational performance, moderating coal headwinds, and dividend yield, but states that it would wait for a pullback to purchase any shares. Shares have a Neutral rating.
Peabody Energy Corp. (NYSE:BTU) price target was reduced by Brean Murray after Q2 results due to weak performance in its Australian and Western US operations, and the firm also lowered company guidance. Shares have a Buy rating.
Apple Inc. (NASDAQ:AAPL) reported weaker Q3 results than expected causing Oppenheimer to predict that investors will realize that the miss represents a time shift in demand, as the company’s fundamentals are still strong. The firm predicts that the company will report strong numbers for its December quarter. The firm keeps its Outperform rating and a $680 price target on the stock.
Netflix, Inc. (NASDAQ:NFLX) price target was lowered after that company moderated its subscriber estimated for FY12 and indicated that its international losses would be more than expected for 2H12. The firm believes that the stock in inexpensive but lacks momentum. The firm keeps its Outperform rating on the stock.
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