Jefferies Starts Apple (AAPL) at Buy

October 5, 2010 7:14 AM EDT
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Price: $119.99 --0%

Rating Summary:
    60 Buy, 10 Hold, 5 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 7 | Down: 8 | New: 1
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Jefferies initiates coverage on Apple Inc. (Nasdaq: AAPL) with a Buy rating and $365 price target.

The firm states, "We see plenty of more runway for AAPL, including considerable FY11 catalysts and a tablet market that we think is being vastly underestimated by the Street. Our AAPL ests are the highest on the Street for this quarter and next."

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