-
Credit Suisse Maintains Outperform Rating On Nokia, Cites Integration Progression And Forward Catalysts
Wednesday, June 8, 2016 - 3:41pm | 299Credit Suisse analysts Kulbinder Garcha, Achal Sultania, Syed Talha Saleem and William Chu discussed the catalysts ahead for Nokia Corp (ADR) (NYSE: NOK) in addition to the integration progress of the company. The analysts have retained their Outperform rating on the shares of the company. The...
-
Credit Suisse Says Buy The Weakness In Apple
Thursday, May 12, 2016 - 2:51pm | 362Shares of Apple Inc. (NASDAQ: AAPL) have dropped more than 3 percent after a Nikkei report showed that the iPhone maker's second half build plans are likely to shrink to 70–80 percent of the level reached in the same period last year. But, Kulbinder Garcha of Credit Suisse urged investors to...
-
Apple's Setback Creates Opportunity; Credit Suisse Maintains $150 Share Valuation
Wednesday, April 27, 2016 - 9:17am | 286Apple Inc. (NASDAQ: AAPL) announced weak F2Q16 results and soft F3Q16 guidance. Credit Suisse’s Kulbinder Garcha reiterated an Outperform rating for the company, with a price target of $150. Recent pullback in shares offers a buying opportunity. Apple reported its F2Q16 revenue at $50.6bn...
-
What Analysts Are Saying About IBM's Outlook
Tuesday, April 19, 2016 - 1:49pm | 531Shares of International Business Machines Corp. (NYSE: IBM) fell more than 6 percent despite reporting better-than-expected results. Investors aren't impressed with the company reporting revenue drop for the 16th straight quarter, hurt by customer migration to cloud services. "A bevy...
-
Apple iPhone Builds Are Stabilizing: Credit Suisse Still Bullish Before Earnings
Friday, April 15, 2016 - 10:57am | 452A Credit Suisse analyst said iPhone builds are stabilizing, infusing further optimism in Apple Inc. (NASDAQ: AAPL) ahead of its second-quarter earnings. The comment comes on the heels of an analysis from Pacific Crest's Michael McConnell who cut the estimate of iPhone suppliers to reflect weaker-...
-
BlackBerry Will Fall 20% Before Anything Gets Better, Credit Suisse Warns
Monday, April 4, 2016 - 10:05am | 252BlackBerry Ltd (NASDAQ: BBRY) reported its revenue at $487 million, 13 percent below the consensus expectations, with EPS of $(0.03), which beat the estimate. Credit Suisse’s Kulbinder Garcha reiterated an Underperform rating on the company, with a price target of $6. Continued Hardware...
-
Credit Suisse: Apple's 'Annuity-Like' Cash Flow Makes It Worth $150
Monday, April 4, 2016 - 9:01am | 320Longer-term, the majority of Apple Inc. (NASDAQ: AAPL) Gross Profit could be annuity based. Credit Suisse’s Kulbinder Garcha maintained an Outperform rating for the company, while raising the price target from $140 to $150. Apple has been added to Credit Suisse’s US Focus List, since...
-
Apple Users Around The World Are 'Remarkably Similar'
Friday, April 1, 2016 - 9:31am | 526Apple Inc. (NASDAQ: AAPL) users around the world are "remarkably similar"' according to a Credit Suisse annual emerging market (EM) consumer survey. "Positively and surprisingly, we find that many EM users exhibit the same purchasing behavior, in terms of rates of replacement and loyalty. Given...
-
BlackBerry Services Revenue Set For 40% Drop Next Year, Credit Suisse Predicts
Wednesday, March 30, 2016 - 10:21am | 333BlackBerry Ltd (NASDAQ: BBRY) is scheduled to report its F4Q16 results on Friday. However, there have been concerns regarding the company’s ability to turn around its services stream, as well as its hardware business, which is currently loss making. Credit Suisse’s Kulbinder Garcha...
-
Credit Suisse Cheers Apple 'Finally' Entering The Mid-Tier Market
Tuesday, March 22, 2016 - 7:52am | 361Credit Suisse’s Kulbinder Garcha maintained an Outperform rating for Apple Inc. (NASDAQ: AAPL), with a price target of $140, after the company released updates to its iPhone portfolio, a new iPad Pro, additional Apple Watch bands and software updates for iOS and tvOS at its latest event...
-
Credit Suisse Sees Apple's Supply Chain As 'Better Than Feared'
Friday, March 11, 2016 - 10:14am | 315Credit Suisse’s Kulbinder Garcha maintained an Outperform rating for Apple Inc. (NASDAQ: AAPL), with a price target of $140, saying that the Asia supply chain seems to be stabilizing. “The CS Asia Tech Team has noted that the iPhone supply chain orders are indicating things may be...
-
Credit Suisse Keeps Sell-Equivalent On Cisco Before Earnings
Monday, February 8, 2016 - 11:36am | 307Cisco Systems, Inc. (NASDAQ: CSCO) shares have declined 20.62 percent over the past three months, dropping down almost to their 52-week low at market close on February 5. Kulbinder Garcha of Credit Suisse has maintained an Underperform rating on the company, with a price target of $22....
-
iPhone Sales Will Recover By 2017; Credit Suisse Reiterates Outperform
Wednesday, January 27, 2016 - 8:37am | 343The share price of Apple Inc. (NASDAQ: AAPL) has declined 11.5 percent over the past year, to a low of $96.30 on January 21. Kulbinder Garcha of Credit Suisse has reiterated an Outperform rating on the company, with a price target of $140. Garcha believes that the stock is inexpensive,...
-
Apple iPhone Estimates Cut Again At Credit Suisse; Analyst Sees Ultimate Stock Downside Of $92, Upside Of $140
Thursday, January 21, 2016 - 11:01am | 369Apple Inc. (NASDAQ: AAPL) shares are stuck in the $96 range on Thursday morning after Credit Suisse analysts again cut their iPhone estimates for the next few quarters. The firm first cut its full year 2016 iPhone estimates on November 10 from 242 million to 222 million, citing "weak demand...
-
Why Global PC Shipments Are Worse Than Expected
Friday, January 15, 2016 - 11:22am | 441Shares of Apple Inc, (NASDAQ: AAPL) and HP Inc. (NYSE: HPQ) have been trending lower in January 2016. Credit Suisse’s Kulbinder Garcha maintained Outperform ratings for the two companies, with a price target of $140 for Apple and $19 for HP. While global PC shipments in 2015...