Apple UNVEILING Expected on 9/12 and 3 Stock Analyses Attracting Attention
Apple Inc. (NASDAQ:AAPL) estimates have been increased by because of an earlier than expected iPhone 5 launch and a possible mini iPad introduction during Q1 of 2013. The firm believes that Apple will introduce the iPhone 5 and iOS 6 during its press event on September 12. Wedbush keeps an Outperform rating but raises its price target to $885 on the stock.
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Zimmer Holdings, Inc. (NYSE:ZMH) price target has been raised by Bank of America Merrill Lynch due to increased pipeline visibility that includes its entry into the HA market, power tools, and its new knees system. Shares have a Buy rating.
QUALCOMM Incorporated (NASDAQ:QCOM): According to Cowen, Qualcomm’s estimate revisions will be driven by the upcoming iPhone product cycle, and the firm thinks that the revisions have a positive impact. The firm mentioned its raised forecast for the iPhone 5, improved momentum of Windows smartphones, and minimal legal disruptions to Android smartphone momentum. Shares have an Outperform rating.
Medivation, Inc. (NASDAQ:MDVN) price target was increased by Brean Murray after the FDA approved its prostate drug XTANDI. The firm noted its mid-September roll-out allowing it to have a full quarter of sales during 2012. Shares have a Buy rating.
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