We see low chances of recent weakness snowballing into a price-war where recent channel checks
suggest 50% of price cut has been reversed.
Based on our channel checks
, we continue to believe that OmniVision is Apple's main image sensor supplier and that its sensors will be used on the next iteration of the iPhone this summer," Reiner told clients.
Preliminary channel checks
highlight risk to cotton (0.
Palo Alto Networks (PANW) upgraded to Positive from Neutral at Susquehanna with analyst Anne Meisner citing expectations for a return to stable revenue growth, positive industry feedback on the company, encouraging channel checks
, and relative valuation.
While most of the news has been positive to date, Lewis also noted that recent channel checks
in Taiwan indicate there is concern that PC orders are slowing earlier than the seasonal norm and that 2010 may get off to a slow start.
In fact, given our channel checks
in Asia, Apple likely believes it can easily meet (and likely exceed) this and/or believes in other scenarios that result in much higher unit sales levels," he said.
Norwegian Cruise Line (NCLH) upgraded to Overweight from Neutral at JPMorgan analyst Joseph Greff saying he believes demand and pricing trends in the Cruise Line industry continue to show momentum, and his channel checks
indicate Norwegian has had the most pricing momentum over the past few months.
Deutsche Bank analyst Vishal Shah believes 2018 could be a "breakout year" for Sunrun after his channel checks
indicated strong consumer demand for residential solar.