(AOF) – UBS confirmed its Neutral recommendation and its price target of $190 on Apple before the publication of its fourth quarter results. Over this period, the research firm lowered its revenue forecasts for iPhone and Mac by 1% to $42.23 billion and 4.7% to $8.77 billion respectively due to the weak demand in the two most important regions, the United States and China. The consensus is $43.7 billion and $8.73 billion, respectively.
The Swiss bank is now targeting 88.1 billion dollars in revenue at group level (compared to 89 billion previously) and 1.36 dollars in earnings per share (compared to 1.39 previously). Wall Street is targeting $89.5 billion and $1.40, respectively.
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