Goldman Sachs Comments on Apple (AAPL) Tim Cook Keynote

February 15, 2012 8:44 AM EST Send to a Friend
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Apple (NASDAQ: AAPL) CEO Tim Cook gave the keynote at Goldman Sachs' Technology & Internet Conference on Tuesday, now analysts at that firm have some takeaways form the event.

Mr. Cook detailed the company's effort around supplier responsibility and provided additional color on the company’s incremental growth opportunities and cash management.

"Overall, we viewed the presentation as a positive catalyst for the stock," the analyst said. "The company appeared remarkably confident in its incremental growth opportunities, highlighting emerging market opportunities, tablet market expansion and continued iPhone share gains. In addition, management seemed increasingly willing to explore a dividend or buyback, with Mr. Cook asking for investor patience as the company decides on what is in the best interest of shareholders."

Goldman reiterated its Conviction Buy List rating and $600 price target.

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 $509.46 yesterday.


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