UBS Securities analyst Maynard Um this morning reiterated a Neutral rating on shares of Research in Motion (RIMM) and a $54 price target, in advance of the company’s Q3 earnings report a week from today.
Um’s, like Caris & Co.’s Robert Cihra this morning, believes international sales helped RIM last quarter, [...]
Article courtesy of BARRONS.com: Tech Trader Daily
Caris & Co. analyst Robert Cihra this morning raised his price target on Research in Motion (RIMM) shares to $75, up from $70, while reiterating a Buy recommendation, writing that the company is carving a “unique value-added niche” in smartphones, a market he thinks is big enough for “more than [...]
Article courtesy of BARRONS.com: Tech Trader Daily
Caris & Co. analyst Robert Cihra this morning lifted his price target on Apple (AAPL) to $375, from $325, while repeating his Buy rating on the shares. The analyst also increased his EPS estimates: for FY 2010, which is about to end, he now sees $14.87 a share, up from [...]
Article courtesy of BARRONS.com: Tech Trader Daily
Caris & Co. analyst Robert Cihra today trimmed his price target on Research In Motion (RIMM) to $70, from $83, while repeating his Buy rating on the stock, and asserting that the company will likely post August quarter results toward the high end of guidance when it unveils the numbers [...]
Article courtesy of BARRONS.com: Tech Trader Daily
Seeing some softening in hard-disk drive demand, Caris & Co. analyst Robert Cihra today trimmed his price targets and earnings estimates for Seagate (STX) and Western Digital (WDC).
Cihra notes that he sees “moderating” PC sector growth with more cautious ordering from manufacturers. “While we had warned of a slowdown in [...]
Article courtesy of BARRONS.com: Tech Trader Daily
EMC (EMC) shares are getting a boost this morning from Caris analyst Robert Cihra, who upgraded the storage hardware company’s stock to Buy from Average, with a new target of $24, up from $23.
Cihra writes in a research note that the company’s core valuation – backing out both cash and [...]
Article courtesy of BARRONS.com: Tech Trader Daily
Analysts continue to revise estimates in the lead up to Apple’s (AAPL) second-quarter report next Tuesday. (Apple offered an updated data point this morning on iPad sales.)
This morning, Caris & Co analyst Robert Cihra raised his Q2 EPS estimate to $2.70 from $2.65 and upped his price target for Apple shares to $300 from $260.
Cihra also lifted his 2010 iPad estimate to 5.5 million units from 4.5 million and sees “ultimate near-term upside primarily limited by components/supply.”
Meanwhile, Standard & Poor’s Equity Research bumped its Apple price target by $10 to $270, while maintaining a Buy rating. Analyst Clyde Montevirgen writes, “With shipments holding steady, we are increasing our iPad shipment assumptions. Also, following a strong report from chip maker Intel (INTC) , we are adding to our Mac unit projection.”
Article courtesy of BARRONS.com: Tech Trader Daily