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uranium-pinto-beans

07/27/16 6:37 AM

#299236 RE: mick #299194

$AAPL ---<><<<<>>>

Apple quarter shows business is stabilizing, says Piper Jaffray
Piper Jaffray analyst Gene Munster believes Apple's June quarter results last night and the guidance for the September quarter imply that its business is stabilizing and "trending in the right direction." Growth should return in the December quarter, Munster tells investors in post-earnings research note. He expects shares to outperform even if the iPhone 7 disappoints, as that would indicate demand is getting pushed into 2017. He lowered his price target for Apple shares to $151 from $153 and keeps an Overweight rating on the name