Coverage Reiterated: Apple (AAPL), Alphabet (GOOGL), Seagate (STX), Urban Outfitters (URBN)

Apple Inc. (AAPL) was maintained a ‘Buy’ with $146 price target by Canaccord Genuity on Thursday. While the broker anticipates down year-over-year iPhone sales for the remainder of fiscal year 2016, it believes Cupertino is maintaining strong share of the premium tier smartphone market.

AAPL closed at $112.04 on Wednesday and is currently flat. In the past 52 weeks, shares of the tech giant have traded between a low of $92.00 and a high of $134.54 and are now trading at $112.05.

Shares are down 9.65% year-over-year ; up 7.02% year-to-date.

Apple is scheduled to report Q216 results April 25, after the market close.

Alphabet Inc. (GOOGL) was reiterated as ‘Neutral’ with a $840 from $830 price target on Thursday by Wedbush. Google is expected to report earnings on April 21 after market close. The broker kept its 2016 EPS unchanged at $34.52, while raising EPS for FY17 to $40.25 from $39.71.

Alphabet Inc. recently traded at $778.42, a gain of $6.51 over Wednesday’s closing price. The name has a current market cap of $535.80 billion.

Seagate Technology Public Limited Company (STX) rating of ‘Sector Perform’ was reiterated today at FBN Securities with a price target decrease of $32 from $35 (versus a $33.93 previous close). The company announced after Wednesday’s market close below-consensus Q3 revenue saying it sees revenue for the quarter ended April 1 to total about $2.6 billion, below guidance of $2.7 billion.

So far this morning, STX is indicated -18.76%

Shares of Urban Outfitters Inc. (URBN) are down $0.41 at $30.69 despite RBC Capital Markets this morning raising its price target on the shares to $32 from $30, and reiterating a ‘Sector Perform’ rating.

Urban Ourfitters shares are currently priced at 17.23x this year’s forecasted earnings, compared to the industry’s 11.40x earnings multiple. The company’s current year and next year EPS growth estimates stand at 12.40% and 10.00% compared to the industry growth rates of 10.00% and 18.60%, respectively. URBN has a t-12 price/sales ratio of 1.06. EPS for the same period registers at 1.78.

Urban shares have declined 4.69% in the last 4 weeks while advancing 41.04% in the past three months. Over the past 5 trading sessions the stock has lost 3.80%.

Shares of Palo Alto, Calif.-based company are down 29.11% year-over-year ; up 36.70% year-to-date.

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