Wedbush Reiterates an 'Outperform' on Apple (AAPL); Buy on Weakness
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Price: $305.59 -0.11%
Rating Summary:
45 Buy, 28 Hold, 9 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Rating Summary:
45 Buy, 28 Hold, 9 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
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Wedbush reiterates an 'Outperform' on Apple (NASDAQ: AAPL) price target raised by $5 to $535.
Wedbush analyst says, "Despite FQ4 results slightly below heightened expectations due to pause ahead of the iPhone 4S launch, revenue and EPS were still well above initial guidance. Given solid FQ1 guidance, strong balance sheet, and attractive valuation at 9x adjusted CY12E EPS, we would be buyers on weakness.'
For more ratings news on Apple click here and for the rating history of Apple click here.
Shares of Apple closed at $422.24 yesterday.
Wedbush analyst says, "Despite FQ4 results slightly below heightened expectations due to pause ahead of the iPhone 4S launch, revenue and EPS were still well above initial guidance. Given solid FQ1 guidance, strong balance sheet, and attractive valuation at 9x adjusted CY12E EPS, we would be buyers on weakness.'
For more ratings news on Apple click here and for the rating history of Apple click here.
Shares of Apple closed at $422.24 yesterday.
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