The new iPad appears set to be a resounding success when it premiers this Friday morning, judging by pre-order checks conducted by Canaccord Genuity.
Canaccord analyst T. Michael Walkley predicts the Apple Inc. tablet will see a record launch given that customers are already scrambling to get their hands on it.
"Since we attended the iPad launch last week, our checks have indicated record pre-orders with wait times for shipping iPad models now reaching two to three weeks," he said in a note. "Given the new iPad's leading hardware specs and iOS developer and application ecosystems versus all tablet competitors, we anticipate Apple will continue to dominate both market and value share of the growing tablet market in calendar 2012-13."
He aggressively raised his calendar year 2012 iPad unit sales estimate to 65.6 million from 55.9 million. For 2013, he now sees 90.6 million unit sales, up from 79.7 million. That resulted in a modest bump up in his earnings per share estimates for the period.
"We believe the new iPad has raised the bar relative to competing tablets with impressive hardware specs, competitive pricing, and the leading software ecosystem of over 200,000 iPad-specific applications," Mr. Walkley said.
All this no doubt has competitors worried. In recent meetings Canaccord held with original equipment manufacturers for Android-powered devices, most focused their discussions and marketing plans on new smartphone offerings - essentially conceding the high-end tablet market to Apple in the near term, he said. "Tablet OEMs indicated difficulty competing with the iPad 2, let along the new iPad."
Upside: Mr. Walkley raised his price target to $710 (U.S.) and reiterated Apple as a "top pick."
______________
The home-turf advantage currently enjoyed by Sobeys is drawing to a close as large American retailers move in, resulting in a price target revision for parent company Empire Co. Ltd. EMP.A-T.
Wal-Mart is moving into former Zellers locations and Target enters the Canadian market next year, producing "more square footage than the Canadian market can handle," according to CIBC World Markets analyst Perry Caicco.
"Sobeys is certainly prepared for the coming supermarket wars, with improved systems, processes and supply chain; differentiated stores; and a stronger private label program," says Mr. Caicco. "But the company, because of its geography, is also more exposed to new competitors than is optimal."
Downside: Mr. Caicco is maintaining his 'sector perform' rating and lowering his price target by $5 to $65.
______________
Brigantine Advisors analyst Barbara Coffey is initiating coverage on DTS Inc. DTSI-Q with a "buy," believing the stock is undervalued given the digital technology company's attractive business model.
The company is seeing positive trends in both the Blu Ray and network-connected device markets, says Ms. Coffey, and its automotive and home AV end markets seem to be stable. She expects 16 per cent revenue growth for 2012 and revenues of $26.8-million (U.S.) for the March quarter.
Upside: Ms. Coffey set a price target of $33.
______________
More analyst actions to come
No hay comentarios:
Publicar un comentario