Canaccord Genuity Reiterates a 'Buy' on Apple (AAPL); Raising PT & Estimates
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Price: $445.15 +0.68%
Rating Summary:
52 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
52 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade AAPL Now!
Canaccord Genuity reiterates a 'Buy' on Apple (NASDAQ: AAPL), raises PT to $510.
Canaccord analyst, T. Michael Walkley, says, "Apple posted impressive June quarter results driven by strong iPhone 4 and iPad 2 sales. Further, sales in the APAC region increased 247% YoY. We anticipate continued strong earnings growth for Apple, and it remains one of our top picks...As such, we are raising our F2011 pro forma EPS estimate from $24.62 to $26.35 and F2012 estimate from $29.30 to $30.04."
For more ratings news on Apple click here and for the rating history of Apple click here.
Shares of Apple closed at $376.85 yesterday, with a 52 week range of $235.56-$378.65.
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Canaccord analyst, T. Michael Walkley, says, "Apple posted impressive June quarter results driven by strong iPhone 4 and iPad 2 sales. Further, sales in the APAC region increased 247% YoY. We anticipate continued strong earnings growth for Apple, and it remains one of our top picks...As such, we are raising our F2011 pro forma EPS estimate from $24.62 to $26.35 and F2012 estimate from $29.30 to $30.04."
For more ratings news on Apple click here and for the rating history of Apple click here.
Shares of Apple closed at $376.85 yesterday, with a 52 week range of $235.56-$378.65.
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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