“While there were a couple of negative reports today on Apple (AAPL), most of the flow of coverage continues to be largely positive,” Tiernan Ray reports for Barron’s.
“Brian Blair with Rosenblatt Securities reiterates a Buy rating on Apple, and a $130 price target, writing that ‘we believe there is continued upside driven by significant iPhone unit upside for both the December and March quarter,'” Ray reports. “Blair, who’s modeling 72 million iPhones to be sold in the December quarter, thinks that after reviewing the likely production rate of the phone, ‘Apple continued to experience a ‘supply/demand’ imbalance for iPhone in nearly all of the 110+ markets it launched the iPhone 6 in, as we exited the year.'”
Ray reports, “Timothy Arcuri with Cowen & Co. reiterates an Outperform rating, and a $113 price target, modeling a similar 68 million units and 52 million for the March quarter, which are ‘great numbers’ but ‘expectations are now also a lot higher. Net, we see no reason to increase our $113 target.'”
Read more in the full article here.
[Thanks to MacDailyNews Reader “David E.” for the heads up.]