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BTIG Raises Apple's Price Target, But Stock Could Be 'Ripe' For Near-Term Sell-Off
Monday, March 25, 2019 - 8:45am | 339Ahead of Apple Inc. (NASDAQ: AAPL)'s scheduled presentation Monday, BTIG turned more bullish on the stock over the longer term. The Analyst BTIG's Walter Piecyk maintains a Buy rating on Apple with a price target lifted from $189 to $220. The Thesis Apple's event titled "It's...
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Apple Q1 Earnings Preview: What Wall Street Is Saying Ahead Of The Report
Saturday, January 27, 2018 - 6:36pm | 579Apple Inc. (NASDAQ: AAPL) will continue to dominate headlines ahead of its earnings report on Thursday, Feb. 1. The company is scheduled to report first-quarter earnings, which some investors are hoping will be the final catalyst to propel the stock's valuation above the $1-trillion mark. The...
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Apple Could Rise 20% Over The Next Year
Wednesday, March 1, 2017 - 10:16am | 354Shares of Apple Inc. (NASDAQ: AAPL) are already higher by more than 40 percent over the past year and nearly 20 percent in 2017. Investors looking to take some of their profits of the table under the assumption that the bull run has come to an end may need to reconsider, at least according to BTIG...
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Wireless Tower Companies Remain A Bullish Investment Opportunity
Tuesday, December 20, 2016 - 12:36pm | 449Walter Piecyk of BTIG remains bullish on the investment opportunity of wireless tower companies by reiterating the Buy ratings on American Tower Corp (NYSE: AMT) and SBA Communications Corporation (NASDAQ: SBAC). “Stable growth in a high margin, low capital intensive business should still be...
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All The Recent iPhone 7 Comments In One Place
Saturday, September 24, 2016 - 5:50pm | 897With the seemingly lackluster release of Apple Inc. (NASDAQ: AAPL)'s iPhone 7 on September 13 and the negative commentary surrounding the lack of a 3.5mm headphone jack, many investors were unsure how the tech giant’s latest release and the retail sales following it would impact the stock...
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iPhone 7 Plus Plus: BTIG Raises Apple's Price Target From $124 To $133
Thursday, September 15, 2016 - 9:17am | 341Following the launch of the iPhone 7, various mobile phone operators are offering incentives for the migration to the new device from Apple Inc. (NASDAQ: AAPL), BTIG’s Walter Piecyk mentioned. He raised the price target for the company from $124 to $133. Positive Channel Checks Wireless...
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BTIG Research Initiates Lumos Networks At Buy, Calls Co. A Small-Cap Play On High-Speed Fiber Expansion
Thursday, August 11, 2016 - 8:01am | 316Lumos Networks Corp (NASDAQ: LMOS) is a “small-cap play on the expansion of fiber to support high speed data services at enterprises as well as the ongoing 4G upgrade and densification of wireless networks,” BTIG Research’s Walter Piecyk said in a report. He initiated coverage...
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BTIG Initiates Level 3 At Buy, Highlights Possible M&A, Buyback Catalysts
Monday, August 8, 2016 - 8:35am | 322Level 3 Communications, Inc. (NYSE: LVLT) shares have declined 12 percent in the two weeks since the company reported disappointing Q2 results. BTIG’s Walter Piecyk initiated coverage of the company with a Buy rating and a price target of $63. Expectations Lowered “Our estimates are...
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Apple Price Target Multiple Increased At BTIG; Firm Touts iPad Growth
Wednesday, July 27, 2016 - 8:11am | 384Apple Inc. (NASDAQ: AAPL) reported its FQ3 results at a slight beat to expectations. BTIG’s Walter Piecyk raised the price target on the company from $115 to $124. “Valuation multiples are a function of growth and risk, and with FQ3 behind us and reasonable guidance for the...
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Boingo Wireless Initiated At Sell By BTIG Research
Monday, July 11, 2016 - 10:10am | 324BTIG’s Walter Piecyk expects Boingo Wireless Inc (NASDAQ: WIFI) to deliver revenue and EBITDA growth, while returning to free cash flow, in 2017. However, the analyst believes the surge in the stock already reflects these factors. Piecyk initiated coverage of the company with a Sell rating...
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BTIG's Walter Piecyk Talks Apple's Decline, Questions iPhone 7's Capability To Convince Customers To Upgrade
Tuesday, May 3, 2016 - 3:56pm | 315Shares of Apple Inc. (NASDAQ: AAPL) are on track to close Tuesday's trading session in positive territory which will mark the end to an eight-day losing streak. Speaking as a guest on "Bloomberg <GO>," Walter Piecyk of BTIG pointed out that Apple's stock was "weak...
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BTIG Cuts Apple's Target To $115, But Maintains Buy
Wednesday, April 27, 2016 - 9:41am | 288On April 25, Apple Inc. (NASDAQ: AAPL) issued a disappointing FQ3 guidance. BTIG’s Walter Piecyk maintains a Buy rating on the company, while lowering the price target from $130 to $115. Estimates Lowered Piecyk mentioned that despite the recent cut in the estimates for Apple driven by...
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Apple's Target Cut To $130 By BTIG, Sees 4% Decline In Revenue
Thursday, April 7, 2016 - 9:20am | 327Apple Inc. (NASDAQ: AAPL) is scheduled to report its quarterly earnings on April 25. BTIG’s Walter Piecyk maintained a Buy rating for the company, while reducing the price target from $141 to $130. The analyst said that Apple’s return to revenue growth could be delayed till fiscal...
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Verizon's Super Bowl Investment Can Tell Telecom Investors A Lot About The Future Of Small Cell Technology
Friday, March 25, 2016 - 1:58pm | 269In a new report, BTIG analyst Walter Piecyk takes a look at Verizon Communications Inc. (NYSE: VZ)’s Super Bowl ad for indications of the technological direction that Verizon will be taking in coming years. According to Piecyk, Verizon’s primary talking point of late has been small...
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Was The Move In SanDisk Shares On Thursday Overdone?
Friday, March 27, 2015 - 10:58am | 335SanDisk Corporation (NASDAQ: SNDK) lost more than 18 percent on Thursday on back of the company cutting its quarterly revenue forecast. On the same day, BTIG analyst Walter Piecyk downgraded the stock to Neutral and reduced his price target from $123 to $70. Piecyk was on CNBC recently to...