Wall Street analysts underestimate the sales potential of Apple’s (AAPL) upcoming iPhone 6S series handsets, Nomura Securities analyst Jeffrey Kvaal said in a research report Thursday. Kvaal initiated coverage of Apple stock with a buy rating and a price target of 145. Apple shares fell nearly 1% on Friday to 121.30. After the massive success of Apple’s bigger-screen iPhone 6 and 6 Plus handsets, few expect much from this year’s model, the iPhone
A disappointing earnings report drove shares of Synaptics (SYNA) to fall to a seven-month low Friday, though the stock rallied later in the session. The Apple (AAPL) touchscreen supplier late Thursday reported earnings for its fiscal Q4 ended June 30 that missed Wall Street expectations, as did its guidance. At least four investment banks lowered their price targets on Synaptics stock on the results. The company, whose technology includes
(AAPL) chip supplier (NXPI) is on track for a fourth straight day of gains, while Apple is looking at a three-session losing streak. NXP reported estimate-beating quarterly earnings late Wednesday. Its Q3 guidance also topped views. Shares rose higher early but eased to a 0.3% gain to 98.11 by early afternoon in above-average volume in the stock market today, Friday. Intraday, the stock crossed its 50-day moving average, an area it hasn’t been