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Wells Fargo Reiterates on Apple as China Mobile Aims to Boost Unit Sales
Wednesday, January 15, 2014 - 11:34am | 202Read More...In a report published Wednesday, Wells Fargo analyst Maynard Um reiterated Market Perform on Apple (NASDAQ: AAPL) as China Mobile remains on track to boost unit sales, keeping its valuation range of $536.00-$581.00. According to the report, the analyst's estimates remain above consensus as China...
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Wells Fargo Reiterates on Hewlett-Packard, Raises Valuation
Friday, January 10, 2014 - 9:46am | 186Read More...In a report published Friday, Wells Fargo analyst Maynard Um reiterated Outperform on Hewlett-Packard (NYSE: HPQ), raising its valuation to $32.00-34.00. According to the report, following a meeting with CEO, Meg Whitman, Wells Fargo analysts remain confident that HP is executing and on track with...
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Wells Fargo Maintains Market Perform on Blackberry, Raises Valuation
Thursday, January 9, 2014 - 11:29am | 213Read More...In a report published Thursday, Wells Fargo analyst Maynard Um maintained Market Perform on Blackberry (NASDAQ: BBRY), raising valuation range to $8.00-$9.00 from $6.50-$7.00. According to the report, the valuation range is based on roughly 0.60x EV/Sales (FY2015E). BBRY faces several risks...
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Wells Fargo Downgrades Apple
Thursday, January 2, 2014 - 9:43am | 210Read More...In a report published Thursday, Wells Fargo analyst Maynard Um downgraded Apple (NASDAQ: AAPL) from Outperform to Market Perform, maintaining $536-581 valuation range. “Our bullish thesis on Apple had been predicated on the expectation for gross margin (GM) expansion driven by the 5s cycle,” the...
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Wells Fargo Securities Has Positive Outlook on Apple Following Announcement of Deal with China Mobile
Monday, December 23, 2013 - 10:30am | 204Read More...In a report published Monday, Well Fargo Securities analyst Maynard Um reiterated an Outperform rating on Apple (NASDAQ: AAPL). In the report, Wells Fargo Securities noted, “The oft speculated but ever elusive deal between Apple and China Mobile (the world's largest mobile services provider with...
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Wells Fargo Securities Sees Lack of Apple News from China Mobile Conference as a Non-Issue
Wednesday, December 18, 2013 - 11:22am | 137Read More...In a report published Wednesday, Wells Fargo Securities analyst Maynard Um reiterated an Outperform rating on Apple (NASDAQ: AAPL). In the report, Wells Fargo Securities noted, “Chairman Xi Guohua notes it is still in talks with AAPL to sell iPhones. According to media reports, Chairman Xi Guohua...
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Wells Fargo Securities Lowers Estimates on BlackBerry to Reflect Business Challenges
Friday, December 6, 2013 - 9:21am | 256Read More...In a report published Friday, Wells Fargo Securities analyst Maynard Um reiterated a Market Perform rating on BlackBerry (NASDAQ: BBRY). In the report, Wells Fargo Securities noted, “There are two forces that make us more cautious about BBRY near-term: 1) BBRY's announcement that it was exploring...
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Wells Fargo Securities Reiterates on Hewlett-Packard Following Solid FQ4 Results
Wednesday, November 27, 2013 - 8:59am | 133Read More...In a report published Wednesday, Wells Fargo Securities analyst Maynard Um reiterated an Outperform rating on Hewlett-Packard Company (NYSE: HPQ). In the report, Wells Fargo Securities noted, “HP's FQ4 was ahead of expectations with strength across major business segments and strong cash flow....
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Wells Fargo Securities Reiterates on Apple Following Acquisition of PrimeSense
Monday, November 25, 2013 - 11:38am | 180Read More...In a report published Monday, Wells Fargo Securities analyst Maynard Um reiterated an Outperform rating on Apple (NASDAQ: AAPL). In the report, Wells Fargo Securities noted, “All Things D indicates that Apple has confirmed its acquisition of PrimeSense and estimates a price of around $360MM....
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Wells Fargo Securities Reiterates on Netapp on Nice Execution In A Tough Environment
Thursday, November 14, 2013 - 9:16am | 163Read More...In a report published Thursday, Wells Fargo Securities analyst Maynard Um reiterated a Market Perform rating on NetApp (NASDAQ: NTAP). In the report, Wells Fargo Securities noted, “FQ2 revenue of $1.55B was below our estimate of $1.64B (Street: $1.60B) mainly due to softness in the U.S. Federal...
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Wells Fargo Securities Reiterates on BlackBerry on Lowered Estimates and Valuation on Business Challenges
Tuesday, November 5, 2013 - 10:04am | 244Read More...In a report published Tuesday, Wells Fargo Securities analyst Maynard Um reiterated a Market Perform rating on BlackBerry (NASDAQ: BBRY). In the report, Wells Fargo Securities noted, “With the valuation support from a potential Fairfax acquisition now out of the equation and the low likelihood of...
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Wells Fargo Securities Reiterates on Apple Following Strong Q4 Revenues/EPS
Tuesday, October 29, 2013 - 9:00am | 151Read More...In a report published Tuesday, Wells Fargo Securities analyst Maynard Um reiterated an Outperform rating on Apple (NASDAQ: AAPL). In the report, Wells Fargo Securities noted, “Q4 revenues and non GAAP EPS of $37.5B/$8.26 were above our and consensus expectations of $36.8B/$7.96. Gross margins of...
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Wells Fargo Securities Reiterates Apple on Strong Portfolio Heading into Holiday Season
Wednesday, October 23, 2013 - 8:33am | 157Read More...In a report published Wednesday, Wells Fargo Securities analyst Maynard Um reiterated an Outperform rating on Apple (NASDAQ: AAPL). In the report, Wells Fargo Securities noted, “Apple's iPad mini, iPad Air, MacBook Pro, and Mac Pro announcements, while largely as expected, gives it a strong...
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Wells Fargo Reiterates Outperform Rating on Apple on Solid Pricing Strategy
Thursday, October 17, 2013 - 9:22am | 129Read More...In a report published Thursday, Wells Fargo Securities analyst Maynard Um reiterated an Outperform rating on Apple (NASDAQ: AAPL). In the report, Wells Fargo Securities noted, “There have been questions as to whether Apple's pricing strategy was flawed given media reports of 5c unit cuts at...
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Wells Fargo Reiterates Outperform on Apple on Positive Outlook
Tuesday, October 8, 2013 - 10:27am | 87Read More...In a report published Tuesday, Wells Fargo Securities analyst Maynard Um reiterated an Outperform rating on Apple (NASDAQ: AAPL). In the report, Wells Fargo Securities noted, “We expect easier year over year compares, potential positive supply chain data into the next product cycle, and improving...

