Jefferies Maintains a 'Buy' on Apple (AAPL); Huge Victory!
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Price: $446.55 +1.57%
Rating Summary:
52 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 26 | New: 12
Rating Summary:
52 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 26 | New: 12
Trade AAPL Now!
Jefferies maintains a 'Buy' on Apple (NASDAQ: AAPL) price target of $900.00.
Analyst, Peter Misek, said, "We believe this is a huge victory for Apple. The jury found that Samsung had infringed upon 6 of Apple's patents related to both utility and design. Apple was awarded a minimum of $1.05B in damages and is looking for an injunction against infringing Samsung products. We believe this is positive for Apple but would expect a settlement following an unsuccessful appeal by Samsung. We believe Apple will likely pursue other Android players."
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 $663.22 yesterday, with a 52 week range of $354.24-$674.88.
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Analyst, Peter Misek, said, "We believe this is a huge victory for Apple. The jury found that Samsung had infringed upon 6 of Apple's patents related to both utility and design. Apple was awarded a minimum of $1.05B in damages and is looking for an injunction against infringing Samsung products. We believe this is positive for Apple but would expect a settlement following an unsuccessful appeal by Samsung. We believe Apple will likely pursue other Android players."
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 $663.22 yesterday, with a 52 week range of $354.24-$674.88.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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