Citi Reiterates a 'Buy' on Apple (AAPL)
More News related to AAPL
- Top 10 News Items 1/5-1/9: Unemployment Rate Spikes Over 7%; Corruption at Saytam Shocks Wall Street; Wal-Mart Cuts Q4 Outlook
- XplosiveStocks.com: AAPL, YRCW, EGLE, GTCB, SOLF, FSLR - Hot Stocks on the Move
- Morgan Joseph Upgrades Palm (PALM) to Buy On The New Pre
- Palm (PALM) Is Currently Launching Its New Smartphone At CES
- Apple's 2009 Proxy Statement Now Online
More News related to Analyst Comments
- Deutsche Bank Downgrades and Lowers Estimates On Global Metals and Mining Companies (RIO, AAUK)
- Soleil Securities Maintains a Buy on Airgas (ARG), Lowers Estimates and Price Target
- Buckingham Research Maintains a 'Neutral' Rating on Wal-Mart (WMT), See Upside/Downside Fairly Balanced
- Wedbush Morgan Maintains a 'Hold' on Majesco Holdings (COOL), Impressed With Progress But Investors Remain Skeptical
- Wedbush Morgan Maintains a 'Hold' on Family Dollar Stores (FDO), Raises Price Target and Estimates
Citi reiterates a 'Buy' on Apple (Nasdaq: AAPL). Price target $170.
Citi analyst says, "—It is now clear why Apple mgmt was cautious on FY09 gross margin in July: with the introduction of new MacBooks, Apple’s highest volume PC now dons an Aluminum exterior. However, with Al prices down 32% from July’s peak and no major cut to MacBook prices, we are even more confident in Apple’s ability to meet or exceed our 4CQ08 ests and consensus."
Apple Inc. designs, manufactures, and markets personal computers, portable digital music players, and mobile communication devices and sells a variety of related software, services, peripherals, and networking solutions.
Related Categories
Analyst CommentsStocks Mentioned
-2.12Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
