UPDATE: Raymond James Upgrades Apple (AAPL) to Strong Buy
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Price: $171.48 -1.06%
Rating Summary:
39 Buy, 25 Hold, 7 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
39 Buy, 25 Hold, 7 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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(Updated - July 1, 2013 10:19 AM EDT)
Raymond James upgraded Apple (NASDAQ: AAPL) from Outperform to Strong Buy with a price target of $600.00 (unchanged). Analyst Travis McCourt thinks near-term financial trends will stabilize and improve following Q3.
Interestingly, he thinks the mobile computing revolution is entering "phase 2," with expansion of smartphone chipsets, operating systems, and ecosystems into autos, TVs, appliances, and so on. With this in mind, he expects Apple to capture large profits as computing moves beyond smartphones and tablets.
For an analyst ratings summary and ratings history on Apple (NASDAQ: AAPL) click here. For more ratings news on Apple click here.
Shares of Apple closed at $396.53 yesterday.
Raymond James upgraded Apple (NASDAQ: AAPL) from Outperform to Strong Buy with a price target of $600.00 (unchanged). Analyst Travis McCourt thinks near-term financial trends will stabilize and improve following Q3.
Interestingly, he thinks the mobile computing revolution is entering "phase 2," with expansion of smartphone chipsets, operating systems, and ecosystems into autos, TVs, appliances, and so on. With this in mind, he expects Apple to capture large profits as computing moves beyond smartphones and tablets.
For an analyst ratings summary and ratings history on Apple (NASDAQ: AAPL) click here. For more ratings news on Apple click here.
Shares of Apple closed at $396.53 yesterday.
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