Bullish call on Amazon; Apple price target lifted; Procter & Gamble gets an upgrade
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Amazon (AMZN) – Cantor Fitzgerald raised Amazon’s price target to $1,000 per share from $835. The firm sees e-commerce reaching a tipping point and thinks Amazon will be the biggest beneficiary.
Apple (AAPL) – Mizuho has raised its price target on Apple by $10 to $130 per share while maintaining a buy rating on the stock. Mizuho expects Apple to report revenue and EPS in-line to slightly above analysts’ estimates for its fiscal fourth quarter on October 25. It also thinks the tech giant could surprise to the upside as it benefits from recent product issues at Samsung.
Procter & Gamble (PG) – Argus Research upgraded Procter & Gamble to buy from hold, bringing the total number of buy ratings on the stock to 14. Procter & Gamble is scheduled to report third-quarter earnings on October 25.
Toyota (TM) – The Japanese automaker is recalling 340,000 Prius cars to address an issue with the car’s braking system. The recall covers hybrid models produced between August 2015 and October 2016.
Boeing (BA) – The airliner has reached a $3.2 billion deal with China Southern Airlines for twelve 787-9 planes. The planes are expected to be delivered between 2018 and 2020.