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Apple's iPhone 7 Cycle Is Looking Very Familiar
Monday, May 16, 2016 - 10:22am | 365Read More...CLSA’s Avi Silver believes the sentiment toward Apple Inc. (NASDAQ: AAPL)'s iPhone 7 cycle is “strikingly similar” to the transition period between the iPhone 5 and iPhone 5S. Silver maintained a Buy rating on the company, with a $115 price target. Reminiscent Of iPhone...
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CLSA On Disney Results: Not Great But Not View-Changing
Wednesday, May 11, 2016 - 2:09pm | 289Read More...CLSA maintains its Outperform rating on Walt Disney Co (NYSE: DIS), while raising its target price by $12 to $115, saying that the second quarter results give less reason for business model concerns than the last three. Although the drag from subscriber losses at cable nets moderated to 1 percent...
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CLSA's Mike Mayo Talks Comerica's Annual Meeting: Management Is 'Finally Listening'
Tuesday, April 26, 2016 - 5:08pm | 250Read More...Mike Mayo, an analyst at CLSA, discussed several key events that occurred at Comerica Incorporated (NYSE: CMA)'s annual general meeting. Speaking to CNBC, Mayo said Comerica's annual general meeting was one of its "most noteworthy" gatherings. He added that the meeting could...
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CLSA's Mixed Bag For Apple: iPhone Retention Rates Drop Heavily, But Purchase Intentions Show Upside
Thursday, April 14, 2016 - 10:57am | 253Read More...While iPhone retention seems lower, Apple Inc. (NASDAQ: AAPL) remains poised for market share gains. CLSA's Avi Silver maintained a Buy rating for the company, with a price target of $128. The recent March CRR purchase intention survey indicated stabilizing smartphone demand in China in 1Q...
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More iPhone Cuts Came Today, But Does It Really Matter?
Thursday, March 10, 2016 - 12:37pm | 432Read More...A pair of analysts delivered another round of iPhone estimate cuts on Thursday. CLSA's Avi Silver dialed back fiscal 2016 unit estimates from 217 million to 214.8 million and 2017 estimates from 237.6 million to 230.6 million, citing slower growth in Asia and forex headwinds. In addition...
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CLSA Cuts Apple iPhone Estimates, Blames China
Thursday, March 10, 2016 - 10:30am | 242Read More...CLSA’s Avi Silver maintained a Buy rating for Apple Inc. (NASDAQ: AAPL), while reducing the price target from $130 to $128, citing lower growth forecasts for smartphones in 2016-2017. Analyst Avi Silver mentioned that a reduction in smartphone model unit estimates, a shift in the timing...
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CLSA Downgrades Boston Beer As Competition Continues To Heat Up
Tuesday, March 8, 2016 - 9:26am | 267Read More...CLSA's Caroline Levy downgraded the rating on Boston Beer Co Inc (NYSE: SAM) to Underperform, while maintaining the price target at $200, due to the ongoing weakness in the company's flagship brews. Continuing Declines Levy explained that the continuing weakness in Cider, Lager and Seasonals was...
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Facebook Absolutely Crushed Earnings And The Street Is Loving It
Thursday, January 28, 2016 - 4:02pm | 342Read More...Facebook Inc (NASDAQ: FB) stock is up more than 15 percent on Thursday following a big earnings beat. The social media giant reported fourth quarter earnings of $0.79 per share versus estimates of $0.68, and revenue of $5.84 billion versus estimates of $5.37 billion. Here’s what Wall...
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Facebook Has Near 70% Upside On ARPU Basis, Says CLSA
Thursday, January 28, 2016 - 11:00am | 276Read More...Facebook Inc (NASDAQ: FB) shares are down 9 percent since January 4. CLSA’s James Lee maintained a Buy rating for the company, while raising the price target from $135 to $150. Facebook is poised for robust growth, driven by positive product mix shift, increased political spending...
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CLSA Keeps Underperform On SanDisk, Cuts Earnings Estimates
Thursday, January 28, 2016 - 10:11am | 307Read More...SanDisk Corporation (NASDAQ: SNDK) shares are up 5 percent since July 28, amid significant volatility, partly driven by a potential acquisition by Western Digital Corp (NASDAQ: WDC). CLSA’s Mark Heller maintained an Underperform rating for the company, with a price target of $70....
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IBM 'Turnaround Year' Is Coming, Says CLSA Analyst
Wednesday, January 20, 2016 - 3:15pm | 251Read More...CLSA issued a company note on International Business Machines Corp. (NYSE: IBM) after a disappointing earnings announcement amid core business weakness seen in recent quarters. CLSA rates IBM as Outperform, while lowering the price target from $161 to $140. Analysts Louis Miscioscia, Ed Maguire...
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Why Are Chipotle Shares Up 13% Over The Last Two Days?
Thursday, January 14, 2016 - 2:27pm | 395Read More...Chipotle Mexican Grill, Inc. (NYSE: CMG) shares are up over 13 percent over the last two days, but why? Analysts chime in on the issue and key take-away points for the year ahead. Shares of Chipotle have been seen up 7.99 percent on Thursday from Wednesday's close. CLSA: Buy Rating, PT Of $536...
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CDC 'All Clear' On Chipotle Imminent; This Analyst Is Upgrading Stock To Buy
Thursday, January 14, 2016 - 9:54am | 345Read More...Having declined steadily for a month, Chipotle Mexican Grill, Inc. (NYSE: CMG) shares are down 24 percent since December 14. CLSA’s Diane Geissler upgraded the rating for the company from Outperform to Buy, while raising the price target from $506 to $536. With an “all clear...
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U.S. Stock Futures Surge After Jobs Data; El-Erian To Discuss Economic Situation
Friday, January 8, 2016 - 9:50am | 512Read More...Pre-Open Movers U.S. stock futures traded higher in early pre-market trade. The U.S. economy added 292,000 new jobs in December, versus economists' expectations for a gain of 205,000 jobs. The unemployment rate was unchanged at 5 percent. Data on wholesale inventories for November will be...
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Why CLSA Just Went Negative On Twitter
Monday, December 14, 2015 - 9:14am | 453Read More...Shares of Twitter Inc (NYSE: TWTR) have lost nearly 30 percent over the past year. Despite a year of underperformance versus its social media and Internet peers, analysts at CLSA initiated coverage of Twitter with an Underperform rating and $26 price target late last week. The analysts cited...
