Canaccord Genuity Maintains a 'Buy' on Apple (AAPL); Increases Value Share Leadership in Q1/C2011

Canaccord Genuity maintains a 'Buy' on Apple (NASDAQ: AAPL), PT $480.

Canaccord analyst, Michael Walkley, said, "Due to strong iPhone sales during Q2/F2011, Apple increased both its smartphone market share and share of industry profits. Based on strong sell-through trends for both iPhone and iPad and our belief Apple is successfully leveraging its leading market position to secure component supply through the Japanese tragedy, we maintain our rating and price target."

For more ratings news on Apple click here and for the rating history of Apple click here.

Shares of Apple closed at $350.13 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• KeyBanc Reiterates Underweight Rating on Apple (AAPL)
• Intuitive Machines Inc. (LUNR) PT Lowered to $32 at Cantor Fitzgerald, Reaffirms Overweight Rating
• Jefferies on Five Below (FIVE): 'Our latest channel checks reinforce our view that FIVE's momentum extends well beyond viral Squish trends'