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Apple (AAPL): Apple Monitor Shows Weaker Than Seasonal Growth - Drexel Hamilton

December 9, 2016 8:18 AM EST
Get Alerts AAPL Hot Sheet
Price: $173.07 -0.37%

Rating Summary:
    40 Buy, 24 Hold, 7 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 11 | Down: 12 | New: 43
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Drexel Hamilton analyst, Brian White, reiterated his Buy rating on shares of Apple (NASDAQ: AAPL) after all of the companies in the analyst's Apple Monitor reported November sales that came in below historical seasonality.

That said, the analyst continues to believe Apple is one of the most underappreciated stocks in the world with a dispirited valuation (just 9x ex-cash), a never ending waterfall of "gloom and doom" media reports.

No change to the price target of $185.

For an analyst ratings summary and ratings history on Apple click here. For more ratings news on Apple click here.

Shares of Apple closed at $112.12 yesterday.



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Drexel Hamilton, Brian White