Close

UPDATE: Raymond James Upgrades Apple (AAPL) to Strong Buy

July 1, 2013 7:00 AM EDT
Get Alerts AAPL Hot Sheet
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
Join SI Premium – FREE
(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.


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

You May Also Be Interested In





Related Categories

Analyst Comments, Analyst EPS View, Hot Upgrades, Upgrades

Related Entities

Raymond James