Apple’s Earnings Forecast Upgraded by Morgan Stanley
Morgan Stanley analysts have increased their earnings-per-share (EPS) estimates for Apple for 2026 and 2027, attributing the upward revision to higher production and demand for its iPhone devices. The analysts raised Apple’s EPS estimate by 2% to $8.14 for 2026 and by 6% to $9.30 for 2027.
Morgan Stanley’s experts believe that the sustained growth of Apple’s services business, combined with AI integration, could also boost valuation multiples. The bank maintained its overweight rating on Apple stock and raised its price target from $240 to $298.
Armani in Talks with Potential Buyers for Minority Stake
Representatives from Armani have reached out to potential buyers seeking a minority stake in the Italian fashion group, initiating an effective auction for one of the world’s most recognized fashion empires weeks after the designer’s death.
L’Oréal is among the companies contacted, and no venture capital firms have been reported as potential buyers so far. Rothschild is expected to advise the company in this transaction.
Champagne Producers Benefit from Favorable Weather Conditions
Champagne producers are experiencing improved grape quality this year, thanks to favorable weather conditions, which is a positive development amid declining demand for the French sparkling wine.
In July, the sector decided to cut this year’s grape harvest by 10%, capping it at a maximum of 9,000 kilograms per hectare, following a 12% reduction last year.
These cuts were intended to address the falling demand amid global decreasing alcohol consumption, economic uncertainty, and concerns over U.S. President Donald Trump’s import tariffs.
The harvest in Champagne, as well as other French wine regions, has concluded, and this year’s harvest appears to be promising.
Alfa|SIGMA to Pay Cash Dividend
Alfa|SIGMA, a food processing producer and marketer, announced that its board of directors approved the payment of a cash dividend amounting to $35 million.
The dividend equates to $0.0063 per share, or 0.12 pesos, representing an 0.8% yield based on the closing price of Alfa|SIGMA’s shares at 14.34 pesos on October 1, the date of dividend approval.
Key Questions and Answers
- Q: Who are the analysts upgrading Apple’s earnings estimates? A: Morgan Stanley analysts
- Q: What factors are driving the increased earnings estimates for Apple? A: Higher production and demand for iPhone devices
- Q: What is the new EPS estimate for Apple in 2026 according to Morgan Stanley? A: $8.14
- Q: What is the new EPS estimate for Apple in 2027 according to Morgan Stanley? A: $9.30
- Q: Which companies have Armani representatives contacted regarding a minority stake sale? A: L’Oréal
- Q: What are the favorable weather conditions benefiting Champagne producers? A: Improved grape quality
- Q: What is the cash dividend amount Alfa|SIGMA approved for shareholders? A: $35 million
