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Technology Stocks : Apple Inc.

AAPL 246.69

-3.4%

Jan 20 3:59 PM EST

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Bill from Wisconsin

david1951

mw1

From: Moonray	5/12/2016 12:48:10 PM
	3 Recommendations Read Replies (1) of 213182

Apple (AAPL) Defended at Credit Suisse; 2nd-Half Weakness Already Expected May 12, 2016 12:09 PM EDT Credit Suisse analyst Kulbinder Garcha reiterated an Outperform rating and $150 price target on Apple (NASDAQ: AAPL), saying reports from Nikkei of a weak 2nd-half was already expected. Garcha commented, "Today, Nikkei published an article stating that 2H build plans for are likely to shrink to 70%-80% of the level reached in the 2H15. The stock has reacted negatively to this news, down about 3%, which we believe is an exaggeration as this was largely understood and included in our estimates already. Given high retention, a superior ecosystem, and a multi-product compute advantage, we believe FCF of ~$67bn should be sustainable long term. We reiterate our Outperform rating and $150 TP" o~~~ O

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