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Analysts Weigh In On Two Stock Giants: Apple Inc. (AAPL), GoPro Inc (GPRO)


Piper Jaffray and Oppenheimer came out today with research notes on the technology giant Apple Inc. (NASDAQ:AAPL) and action camera giant GoPro Inc (NASDAQ:GPRO), as the stocks are edging higher Friday.

Apple Inc.

Piper Jaffray analyst Gene Munster reiterated an Overweight rating on Apple shares, with a price target of $172, as he believes that the iPhone 6S supply was improved. Apple shares are up 2% to $111.70, as of 1:44PM EDT.

Munster noted, “Based on our analysis of 54 Apple retail stores and Apple’s online store, we believe that iPhone 6S availability is tracking ahead of iPhone 6 lead times from last year. We believe the primary reason for better lead times is driven by better supply. We note that in “S” cycles, the manufacturing process for the devices has been largely worked out since there are no significant design changes for these cycles. We continue to expect US demand over the next few years to be helped by carriers, and Apple offering standard annual...