Ticonderoga Maintains a 'Buy' on Apple (AAPL); Cranks Out a Faster, Better iMac; Stock Looks Tasty Here
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Price: $433.26 -0.3%
Rating Summary:
52 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
52 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade AAPL Now!
Ticonderoga maintains a 'Buy' on Apple (NASDAQ: AAPL), PT $612.
Ticonderoga analyst says, "This morning, Apple refreshed its iMac product line with faster processors and the integration of new technology. With the "Special Rebalancing" of the NASDAQ-100 Index out of the way and our expectations for a strong H2, combined with iPhoneItalia.com publishing recent photos of Steve Jobs walking around the Apple campus and the stock's attractive valuation (i.e., 10x our CY11 pro forma EPS, ex-cash), we believe Apple's stock is preparing for its next major move higher."
For more ratings news on Apple click here and for the rating history of Apple click here.
Shares of Apple closed at $346.28 yesterday, with a 52 week range of $199.25-$364.90.
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Ticonderoga analyst says, "This morning, Apple refreshed its iMac product line with faster processors and the integration of new technology. With the "Special Rebalancing" of the NASDAQ-100 Index out of the way and our expectations for a strong H2, combined with iPhoneItalia.com publishing recent photos of Steve Jobs walking around the Apple campus and the stock's attractive valuation (i.e., 10x our CY11 pro forma EPS, ex-cash), we believe Apple's stock is preparing for its next major move higher."
For more ratings news on Apple click here and for the rating history of Apple click here.
Shares of Apple closed at $346.28 yesterday, with a 52 week range of $199.25-$364.90.
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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