Apple: Grim Phone Activation Rates Bode Ill for FYQ4, Says Baird

Tech Trader Daily
By Tiernan RayJul 26, 2016, 12:07 pm104 pts
On the verge of Apple’s (AAPL) fiscal Q3 earnings report this evening, R.W. Baird’s William Power reiterates an Outperform rating, and a $115 price target, even though he has some unpleasant tidings to convey. Results from U.S. telcos Verizon Communications (VZ), Sprint (S) and AT&T (T) in recent weeks…

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