Barclays on Passing of Apple's (AAPL) Steve Jobs: Believe Innovation and Product Momentum Will Continue

Barclays maintains an 'Overweight' on Apple (NASDAQ: AAPL) price target of $555.00.

Barclays analyst says, "We were able to observe Steve's unmatched passion for his company and his inventions for several years at product launches. However, we also note how thoughtful he was to carefully mentor and leave his company in the capable hands of new CEO Tim Cook and others. We encourage you to read Cook's message to Apple employees...We believe Apple's innovation and product momentum can continue."

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

Shares of Apple closed at $378.25 yesterday.

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