Barclays Reiterates an 'Overweight' on Apple (AAPL); Making Moves in Mainland China
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Price: $442.60 -0.07%
Rating Summary:
52 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 24 | New: 24
Rating Summary:
52 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 24 | New: 24
Trade AAPL Now!
Barclays reiterates an 'Overweight' on Apple (NASDAQ: AAPL) price target of $730.00.
Analyst, Ben A. Reitzes, said, "The China Quality Certification Centre granted approval for the iPad last week. While approval is not necessarily an indication of immediate availability, certification is required for the iPad to go on sale in Mainland China...We believe it makes sense for Apple to work with China Mobile (NYSE: CHL) to sell the iPhone 5 by C1H13."
Reitzes expects more retail locations to be developed in the region as the company get more cooperation from the Chinese government.
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 $614.48 yesterday, with a 52 week range of $310.50-$616.28.
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Analyst, Ben A. Reitzes, said, "The China Quality Certification Centre granted approval for the iPad last week. While approval is not necessarily an indication of immediate availability, certification is required for the iPad to go on sale in Mainland China...We believe it makes sense for Apple to work with China Mobile (NYSE: CHL) to sell the iPhone 5 by C1H13."
Reitzes expects more retail locations to be developed in the region as the company get more cooperation from the Chinese government.
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 $614.48 yesterday, with a 52 week range of $310.50-$616.28.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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