NEW YORK ( TheStreet) -- CHANGE IN RATINGS
Apple ( AAPL) upgraded at JMP from Market Perform to Outperform. $200 price target. Estimates also raised to reflect expected growth from new devices and markets.
More entrepreneurs are starting businesses, according to a recent report from the Kaufmann Foundation. It's great news, but there are still long-term concerns.
Many analysts are still forecasting Apple's sales will be down annually in the December quarter. Given healthy iPhone 7 demand, however, those estimates are likely to change.
Apple might have some ways to differentiated its rumored home speaker. But competition will still be stiff, and the addressable market modest for a company of Apple's size.