Apple: UBS raises target price to 180 dollars.
(CercleFinance.com) - UBS has raised its target price for the Apple stock to 180 dollars from 170 dollars, citing a "positive momentum" after three quarters of earnings acceleration.
The brokerage firm said the tech giant's guidance for its September quarter was surprisingly strong, implying the increased shipments of some new models. UBS also notes the group's "breadth of execution."
"It is striking how every part of the business is doing well," UBS analysts wrote in a note to investors.
For fiscal year 2017 the brokerage raised its earnings per share (EPS) estimate to nine dollars, from 8.9 dollars.
Alongside this, UBS reiterated its "buy" rating on the stock.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The brokerage firm said the tech giant's guidance for its September quarter was surprisingly strong, implying the increased shipments of some new models. UBS also notes the group's "breadth of execution."
"It is striking how every part of the business is doing well," UBS analysts wrote in a note to investors.
For fiscal year 2017 the brokerage raised its earnings per share (EPS) estimate to nine dollars, from 8.9 dollars.
Alongside this, UBS reiterated its "buy" rating on the stock.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.