$AAPL, $ERJ, $FDX, $NKE
Below is a list of Wall Street’s Top analysts outlook for Key issues for Wednesday, as follows:
Apple Inc. (NASDAQ:AAPL). Reports have been out that iPhone 10 sales are seeing weak demand. This is even after Barron’s gave Apple the feature cover page story titled “Dawn of a New Golden Era for Apple,” where Barron’s talked up a shift to predictable and stable earnings meriting a higher share price and over a $1-T market cap.
Embraer S.A. (NYSE:ERJ) analysts maintained as Outperform at Credit Suisse on the heels of Boeing buyout interest. The firm believes that the Brazilian government’s veto power with its “golden share” probably implies that a deal where Boeing takes possession of 50% of Embraer’s commercial aviation business is the most likely outcome if a deal comes to fruition. Credit Suisse is skeptical of the long-term strategic rationale of the deal.
FedEx Corp. (NYSE:FDX) analysts reiterated as Buy and the target price was raised to 290 from 245 at Argus. The firm was positive on FedEx’s recently raised guidance and said that it is looking for more positive surprises than negative surprises in the Quarters ahead.
Nike Inc. (NYSE:NKE) has been reiterated as Buy at D.A. Davidson, and the price target was raised to 78 from 68 in the call. Expanded details of the call were not available early Tuesday.