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Maxim Group issues 'Hold' on Apple stock, cites over-dependence on China
Maxim Group on Wednesday initiated coverage of Apple (AAPL) with a “Hold” rating and $178 price target. Apple is too dependent on China, from a sales and supply-chain standpoint, and it is overweight a single product, the iPhone, when it comes to its near-term operating results, the firm says. Emilio Ghigini for Investing.com: The firm’s assessment points to several challenges that they…
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Apple options run hot after analyst's new 'sell' rating
Apple options run hot after analyst’s new ‘sell’ rating
Karee Venema, Schaeffer’s Investment Research via Yahoo Finance:
Maxim downgraded Apple Inc. stock to “sell” from “hold,” and established a $190 price target on the tech shares — a 28% discount to last night’s close. The brokerage firm also forecast a 5% year-over-year drop in iPhone revenue and a 2% annual decline in total operating profits, and labeled expectations the tech giant could…
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Apple gets rare sell rating as analyst warns about iPhone trends
Apple gets rare sell rating as analyst warns about iPhone trends
Ryan Vlastelica for Bloomberg:
Apple Inc. received a rare bear call on Thursday, after the company was downgraded to sell from hold at Maxim Group, which cited the potential for lower iPhone revenue over the next year.
Analyst Nehal Chokshi forecast weakness in both unit sales and average selling prices, citing an analysis of a proprietary survey.
MacDailyNews Take: Who? From where?
Maxim…
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TSMC seen meeting Apple's chip orders even as 'WannaCry' variant dings output
TSMC seen meeting Apple’s chip orders even as ‘WannaCry’ variant dings output
“Taiwan chipmaker TSMC, reeling from a computer virus that shut down several plants over the weekend, is expected to be able to fill orders on time for Apple Inc. as it gears up to release new iPhones later this year,” Debby Wu reports for Bloomberg.
“Taiwan Semiconductor Manufacturing Co. said Monday that full operations have resumed after a variant of the 2017 WannaCry ransomware…
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Maxim Group | Building Trust
Apple upgraded to buy, price target raised
Apple upgraded to buy, price target raised
“Apple shares moved higher early Friday after the iPhone maker was upgraded,” Vance Cariaga reports for Investor’s Business Daily.
“Maxim Group upgraded Apple to buy from hold and also raised its price target on the stock to 167 from 144,” Cariaga reports. “Through a recent partnership with Cisco Systems, Apple looks to sell more Apple iPads and iPhones to business customers and to…
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