Apple Stocks History: What’s Up with the Apple Downgrade? Info from Will Power of Robert W. Baird

Page 1 of 2

Apple Stocks History: A Leading Company Cheaper Than 90% Of Blue Chips... And It Recently Bounced 12%Earlier today, CNBC took a closer look at Apple Inc. (NASDAQ:AAPL)’s downgrade to neutral at Robert W. Baird.

So, who was the analyst behind the Apple Inc. (NASDAQ:AAPL) downgrade? That would be Will Power, senior analyst with Robert W. Baird.

When the interview gets underway, Power is asked if he feels “behind the curve?” Here is how he kicked things off:

“In all fairness, it is a bit painful. We have been defending the stock like many others on the way down here, on valuation, long term opportunity etc. You know, all of that said, we assessed the numbers and looked at consensus estimates and our real concern is that there is still downside to estimates and I think it is going to be tough for the stock to outperform in that environment over the next several months.”

After explaining why the downgrade was necessary and what he sees happening to Apple Inc. (NASDAQ:AAPL) shares over the next several months, the host follows up with a question prompting Power to talk about his main concerns:

“I think you are right. I think part of what we are trying to do here, Carl, is separate the stock from the company. I think as you look over the next two to three months, really the next several quarters, you’ve got further downside risk to estimates. You know, for the full year we’re close to $41 in earnings and the street is at $45. Even the March quarter, consensus is estimates are at the high end and our biggest concern is probably the June quarter.”

He then added the following about Apple Inc. (NASDAQ:AAPL):

Page 1 of 2

Dividend Stock Alert - Billionaire Robbins' Top Dividend Idea With 70% Upside Potential

Get Paid 3.5% Per Year While Waiting For The Stock Appreciate 70%

Larry Robbins' Glenview Capital Opportunity Fund returned 101.7% in 2013 and Robbins personally made $750 million. The same fund returned 25.3% in 2014. In this FREE REPORT we will share Robbins' top dividend idea that yields 3.5% and has been increasing its dividends for 39 consecutive years. Robbins thinks the stock has the potential to appreciate 70%.

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Click Here to Read Comments
X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!