Apple Pre-Game Roundup: Gabelli Downgrades, RBC Ups Target; Kaufman Raises Ests; Citi Sees Huge Margin Beat

With Apple (AAPL) due to report earnings after the close Wednesday for its fiscal second quarter ended March 30, the Street is in full-scale jockeying-for-position mode. The general sense is that the company will beat its guidance easily, while likely issuing a conservative forecast for the June quarter. Here’s a rundown on some of this morning’s moves by the Street:

Gabelli & Co. analyst Robert Haley cut his rating on the stock to Hold from Buy on a valuation basis, noting that the stock is up 40 percent year to date. He is bullish on the story long term, but says that with the stock trading at 20x projected 2010 estimates and 10x EBITDA, there are risks, including “a likely CEO transition in the near-medium term.”

Read the rest of this post on the original site

Must-Reads from other Websites

Panos Mourdoukoutas

Why Apple Should Buy China’s Xiaomi

Paul Graham

What I Didn’t Say

Benjamin Bratton

We Need to Talk About TED

Mat Honan

I, Glasshole: My Year With Google Glass

Chris Ware

All Together Now

Corey S. Powell and Laurie Gwen Shapiro

The Sculpture on the Moon

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.

Read more »