Wedbush Reiterates an 'Outperform' on Apple (AAPL); Bigger, Faster, Lighter - The $100B Phone

Wedbush reiterates an 'Outperform' on Apple (NASDAQ: AAPL) price target of $885.00.

Analyst, Scott Sutherland, said, "As expected, Apple introduced the iPhone 5 at a press conference. While the device features were as expected, we believe it will drive upside to expectations. With a solid product pipeline (mini iPad/Apple TV), global expansion, and reasonably valuation, Apple remains a Best Idea."

For an analyst ratings summary and ratings history on Apple click here. For more ratings news on Apple click here.

Shares of Apple closed at $669.79 yesterday.

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