Hilliard Lyons Upgrades Apple to Buy

Brokerage firm Hilliard Lyons Upgrades its rating on Apple(NASDAQ:AAPL). The shares have been rated Buy. Previously, the analysts had a Long-term Buy rating on the shares. The rating by Hilliard Lyons was issued on Jul 28, 2016.

In a different note, On Jul 27, 2016, Credit Suisse said it Maintains its rating on Apple. The shares have been rated ‘Outperform’ by the firm. On Jul 27, 2016, Morgan Stanley said it Maintains its rating on Apple. In the research note, the firm Raises the price-target to $120.00 per share. The shares have been rated ‘Overweight’ by the firm. On Jul 27, 2016, RBC Capital said it Maintains its rating on Apple. The shares have been rated ‘Outperform’ by the firm. On Jul 27, 2016, Drexel Hamilton said it Maintains its rating on Apple. The shares have been rated ‘Buy’ by the firm. On Jul 27, 2016, BMO Capital said it Maintains its rating on Apple. The shares have been rated ‘Outperform’ by the firm. On Jul 27, 2016, Citigroup said it Maintains its rating on Apple. In the research note, the firm Raises the price-target to $115.00 per share. The shares have been rated ‘Buy’ by the firm.

Apple (AAPL) made into the market gainers list on Thursdays trading session with the shares advancing 0.08% or 0.08 points. Due to strong positive momentum, the stock ended at $105.87, which is also near the day’s high of $106. The stock began the session at $105.58 and the volume stood at 2,74,08,650 shares. The 52-week high of the shares is $123.82 and the 52 week low is $89.47. The company has a current market capitalization of $570,474 M and it has 5,38,84,43,000 shares in outstanding.

Apple(AAPL) last announced its earnings results on Jul 26, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $42.36B. Analysts had an estimated revenue of $42.02B. Earnings per share were $1.42. Analysts had estimated an EPS of $1.39.

Several Insider Transactions has been reported to the SEC. On Jul 20, 2016, Angela J Ahrendts (Senior Vice President) sold 35,797 shares at $100.00 per share price.Also, On Jun 1, 2016, Daniel J. Riccio (Senior Vice President) sold 40,755 shares at $100.00 per share price.On Jun 1, 2016, Eduardo H Cue (Senior Vice President) sold 50,000 shares at $99.44 per share price, according to the Form-4 filing with the securities and exchange commission.

Apple Inc. (Apple) designs manufactures and markets mobile communication and media devices personal computers and portable digital music players and a variety of related software services peripherals networking solutions and third-party digital content and applications. The Company’s products and services include iPhone iPad Mac iPod Apple TV a portfolio of consumer and professional software applications the iOS and OS X operating systems iCloud and a variety of accessory service and support offerings. The Company also delivers digital content and applications through the iTunes Store App StoreSM iBookstoreSM and Mac App Store. The Company distributes its products worldwide through its retail stores online stores and direct sales force as well as through third-party cellular network carriers wholesalers retailers and value-added resellers. In February 2012 the Company acquired app-search engine Chomp.

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