laitimes

Zhitong US Stock Research Report (12.15) | Apple (AAPL. US) was favored by a number of investment banks, and Mizuho raised PFE. US) price target to $56

author:Zhitong Finance

Bank of America: Upswing Apple (AAPL. US) rated it "Buy" and raised its price target from $160 to $210

Bank of America's optimism is based on Apple's expectations that it will launch an AR/VR headset in early 2023. Wamsi Mohhan, an analyst at the bank, wrote in a note: "We think this technology will be game-changing because it will support many new applications that require high-performance hardware and faster access."

The analyst expects that Apple's price-to-earnings ratio will be re-raised before the AR/VR product release, just as the valuation was raised after the release of major new products, and he also expects Apple's return on capital to remain strong.

Evercore ISI: Maintaining Apple (AAPL. US) "outperformed" rating, with a price target raised from $180 to $200

Evercore ISI analyst Amit Daryanani believes that Apple has benefited from multiple positive factors and still has room for continuous growth in fiscal 2022, including continued growth in iPhone sales, improved profitability from the installation base of services and wearable devices, and new product releases. Daryanani added that Apple expects earnings per share to approach $6.50 and a share price of nearly $225 for the next fiscal year.

Mizuho: Maintain Pfizer (PFE. US) "neutral" rating, with a price target raised from $44 to $56

Mizuho analyst Vamil Divan expects sales of Pfizer's COVID-19 oral drug Paxlovid to be $24 billion and $16 billion in 2022 and 2023, respectively, and sustained annual revenues of $1 billion to $3 billion after 2024. The analyst believes that Pfizer's stock price has room for further growth in the near future around the headlines of the new crown vaccines Comirnaty and Paxlovid, but he believes that Pfizer's stock price is "reasonably valued".

McGray: Maintaining Disney (DIS. US) "outperformed" rating, with a price target cut from $195 to $185

Macquarie analyst Tim Nollen believes he is more cautious about internet streaming as the "streaming war goes global." Looking ahead to 2022, he's more bullish on advertising agencies than internet streaming. He believes that the advertising market is strong and that advertising agency stocks tend to perform well early in the interest rate tightening cycle.

Loup Ventures: Apple is on the cusp of another remodeling, with a price target of $200.

Jeffery: Raised the chevron (CVX.US) price target from $105 to $109.

JPMorgan Chase: Will Cloudflare (NET. US) price target was lowered from $212 to $144 and the rating was downgraded from "neutral" to "reduced."

Beya: Will Betong (AVGO. US) price target was raised to $690 from $550.

UBS: Will Micron Technology (MU. US) price target was raised to $99 from $90.

Read on