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Apple (AAPL) hasn’t disclosed that it’s making a smartwatch, but analysts are already factoring the so-called iWatch into their financial models. On Tuesday, Susquehanna Financial Group analyst Chris Caso updated his sales and earnings estimates for Apple on the assumption that Apple will come out with a smartwatch-fitness device in the fourth quarter. “Looking into (calendar Q4), we think consensus estimates are quite conservative, since consensus doesn’t appear to reflect the blended (average selling price) increase we’re expecting (for iPhone), nor does consensus appear to reflect any impact from iWatch,” Caso wrote in a research note. Caso raised his price target on Apple stock to 115 from 104 and maintained his positive rating. Apple stock was down 1%, near 96, in midday trading on the stock market today. On Monday, Morgan Stanley analyst Katy Huberty raised her price target on Apple stock to… Scalper1 News
Scalper1 News