Analysts Apple Responses
Barclays maintained Equal Weight rating and raised its target price to $161 from $157.
BMO Capital Markets maintained Market Perform and raised its target price to $171 from $166.
BTIG reiterated Buy rating and raised target price to $207 from $198. BTIG increased 2018 expectations to estimate to $12.55 EPS based on higher share repurchase activity and on increased revenue expectations for service revenues and from the Apple Watch.
Canaccord Genuity reiterated Buy rating and raised its target price to $208 from $200. After saying anticipated lower iPhone average selling prices due to mix and lower unit sales due to inventory reductions.
CFRA (S&P) reiterated Buy rating and $195 price target. The firm’s target is based on 14.9 times its fiscal 2019 EPS target after better than expected earnings, stable iPhone unit shipments and growing revenue through services.