Apple Inc. (AAPL) was reiterated an ‘Outperform’ by RBC Capital Markets analysts on Thursday. The broker also cut its price target on the stock to $130 from $140 saying they are lowering March-quarter iPhone units to 45 million units from 54 million to reflect incremental softness and recent production cuts.
Nektar Therapeutics (NKTR) was reiterated as ‘Overweight’ with a $20 from $16 price target on Thursday by Piper Jaffray.
NKTR was down $0.59 at $15.04 in midday trade, moving within a 52-week range of $9.16 to $17.55. The name, valued at $2.01 billion, opened at $15.44.
Analysts at Wells Fargo (WFC) upgraded their rating on the shares of Science Applications International Corporation (SAIC). In a research note published on Thursday, the firm lifted the name with an ‘Outperform’ from ‘Market Perform’ rating.
On valuation measures, SAIC shares are currently priced at 16.82x this year’s forecasted earnings, compared to the industry’s 13.71x earnings multiple. Ticker has a PEG and forward P/E ratio of 3.19 and 14.86, respectively. Price/Sales for the same period is 0.46 while EPS is $2.63. Currently there are 5 analysts that rate SAIC a ‘Buy’, 3 rate it a ‘Hold’. No analyst rates it a ‘Sell’. SAIC has a median Street price target of $58 with a high target of $60.
Nordson Corporation (NDSN) was upgraded to ‘Buy’ from ‘Hold’ by Wunderlich analysts on Thursday. The broker set its price target on the stock at $75.
NDSN began trading this morning at $60.50 to currently trade 2.70% lower from the prior days close of $60.73. On an intraday basis it has gotten as low as $58.47 and as high as $60.56.
Nordson shares have declined 15.43% in the last 4 weeks and 8.49% in the past three months. Over the past 5 trading sessions the stock has lost 6.14%. The Westlake, Ohio-based company, which is currently valued at $3.37 billion, has a median Wall Street price target of $72.00 with a high target of $82.00.
Nordson Corp. is down 17.68% year-over-year, compared with a 3.49% loss in the S&P 500.