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Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?

To: ggamer who wrote (170261)	6/3/2014 10:40:11 AM
From: Moonray	Read Replies (1) \| Respond to of 213172

Apple news in-line with expectations, neutral for shares says Oppenheimer After Apple (AAPL) announced several new initiatives yesterday, Oppenheimer thinks the company did a nice job of refreshing its ecosystem and keeping pace with Google's (GOOG) Android ecosystem, but it thinks the news is neutral for Apple's stock in the near-term. For now, the firm continues to expect Apple to deliver a normal fall hardware refresh. It keeps a Perform rating with a positive bias on the shares. o~~~ O

To: ggamer who wrote (170261)	6/3/2014 11:15:57 AM
From: Moonray	1 Recommendation Recommended By HerbVic Respond to of 213172

ggamer, the URL on the Canaccord Genuity has gone dead. Here is some more: Shares of Apple ( AAPL) are up $7.01, or 1%, at $635.66, as the Street continues to reflect upon the announcements at yesterday’s Worldwide Developer Conference. And there appears to be a divergence. Maynard Um of Wells Fargo, reiterating a Market Perform rating, writing that “Relative to the expectations going into WWDC, the event, to us, was a slight disappointment given the lack of any new hardware announcements and a cursory address of the home automation capabilities (there was much more media attention relative to the short portion of presentation dedicated to this).” But Piper Jaffray’s Gene Munster, reiterating an Overweight rating, writes that “While investors and consumers are focused on devices in the back half of the year, we believe that yesterdays event delivered on strengthening the platform, which in turn will help drive device sales.” And Canaccord Genuity’s Mike Walkley, reiterating a Buy, raises his price target to $660 from $710, writing “these introduced features combined with the capabilities acquired through Beat’s Music purchase should enable Apple to the stem the decline in iTunes music download sales and increase the revenue contribution from its higher-margin Software and Services business.” “We believe an increased mix of higher-margin software sales could in turn drive P/E multiple expansion.” More at: blogs.barrons.com I loved the part where "...raises his price target to $660 from $710" :-) o~~~ O