Analysts are baking the new carrier into their 2011 estimates, but low-balling sales
On Wednesday, Stifel Nicolaus' Doug Reid raised his Apple (AAPL) target price to $390 per share (from $360) based in part on his "increased confidence" of a Verizon (VZ) launch in early 2011 (mid-February is his best guess).
On Thursday, Merrill Lynch's Scott Craig did the same, raising his target to $420 (from $415) for similar reasons. "We expect a Verizon iPhone to be introduced in early C2011," he wrote, "and we are now baking Verizon into our estimates."
So how many Verizon iPhones are they baking in? Surprisingly few.
The cult favorite sandwich, hovering on the border between yum and yuck, won't mean much to McDonald's bottom line. But it's moving the needle on the company's brand awareness, especially in social media.
Wondering what a McRib, McDonald's barbecue pork sandwich, tastes like, but haven't quite worked up the steam to go out and try one? Just ask the Internet:
"It's fast food's best version of comfort food." "I'll take an order MOREBeth Kowitt, Writer-Reporter - Nov 17, 2010 11:51 AM ET
Raises estimates, finding competitive offerings 'delayed, underwhelming or both.'
Stifel Nicolaus' Doug Reid raised his Apple (AAPL) price target modestly Thursday -- to $360 from $350 -- in a note to clients that poured praise on the company and scorn on its competitors. Specifically:
Reid sharply increased his estimate for iPad unit sales in Apple's fourth fiscal quarter to 5.4 million from 3.6 million, citing "robust demand" in the U.S. and Europe MOREPhilip Elmer-DeWitt - Sep 30, 2010 10:36 AM ET
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