Source: www.benzinga.com --- Thursday, June 02, 2016
Goldman Sachs’ Simona Jankowski mentioned that the estimates for Apple Inc. (NASDAQ: AAPL ) had been reduced to reflect lower market growth and lower ASPs. Jankowski maintained a Buy rating on the company, while lowering the price target from $136 to $124. Reasons for Estimate Revisions “We are trimming our Apple estimates to reflect lower growth expectations for the smartphone industry, following recent reduction of our global smartphone unit growth forecast for 2016/17,” the analyst explained. Related Link: How Will Replacement Cycles Affect Apple? Jankowski has also revised iPhone estimates, with the introduction of a detailed ... Full story available on Benzinga.com ...
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