Barclays Reiterates an 'Overweight' on Apple (AAPL); Positioned to Gain Share with New iPhones
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Price: $441.35 +0.38%
Rating Summary:
52 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Rating Summary:
52 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
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Barclays reiterates an 'Overweight' on Apple (NASDAQ: AAPL) price target of $515.00.
Barclays analyst says, "We continue to believe Apple's market cap can see further gains as it extracts more profits out of the traditional PC and mobile phone industries...comScore Shows Continued Apple Gains: comScore released its mobile market share data last week for the 3-months ending in July, which showed gains for Apple in both OEM and Platform share."
"Samsung announced that it stopped production of its Galaxy Tab device in Germany and removed the device from display at the IFA trade show in Berlin, which is marketed as the largest trade show for consumer electronics and home appliances. While we do not believe that the situation necessarily has any quantifiable impact on Apple, we remain focused on the developments since Samsung has been widely considered the most serious competitor to Apple in the mobile space. We still believe that most non-Apple players are seeing tablet sales below expectations."
For more ratings news on Apple click here and for the rating history of Apple click here.
Shares of Apple closed at $379.74 yesterday, with a 52 week range of $254.50-$404.50.
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Barclays analyst says, "We continue to believe Apple's market cap can see further gains as it extracts more profits out of the traditional PC and mobile phone industries...comScore Shows Continued Apple Gains: comScore released its mobile market share data last week for the 3-months ending in July, which showed gains for Apple in both OEM and Platform share."
"Samsung announced that it stopped production of its Galaxy Tab device in Germany and removed the device from display at the IFA trade show in Berlin, which is marketed as the largest trade show for consumer electronics and home appliances. While we do not believe that the situation necessarily has any quantifiable impact on Apple, we remain focused on the developments since Samsung has been widely considered the most serious competitor to Apple in the mobile space. We still believe that most non-Apple players are seeing tablet sales below expectations."
For more ratings news on Apple click here and for the rating history of Apple click here.
Shares of Apple closed at $379.74 yesterday, with a 52 week range of $254.50-$404.50.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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