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Technology Stocks : Apple Inc.
AAPL 261.81-0.2%10:45 AM EST

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david1951
From: Moonray4/28/2015 9:33:12 AM
1 Recommendation   of 213180
 
S&P CAPITAL IQ MAINTAINS HOLD RECOMMENDATION ON SHARES OF APPLE INC.
8:18 am ET April 28, 2015 (S&P Capital IQ)

We raise our FY 15 (Sep.) operating EPS estimate to $8.95 from $8.78 and FY 16's to $9.54 from $9.38.
We up our 12-month target price to $150 from $140, on P/E above hardware manufacturers but near
the S&P 500 Technology sector. AAPL posts Mar-Q operating EPS of $2.33 vs. $1.66, beating our $2.18
estimate. Sales rose 27%, led by higher iPhone sales, while margins widened on better mix. We positively
view iPhone momentum, aided by robust China growth and new subscriber additions. Mac sales rose 2%
while iPad fell 29%. We are encouraged by AAPL's $200B capital allocation strategy.

They forgot to add that while they "up their target to $150 from $140", they maintain their "Hold"
because they are lazy and stupid. They have been on "Hold" for a good deal of AAPL's price rise.

o~~~ O


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