Loading...
Loading...
JP Morgan has published a research report on Apple
AAPL commenting on conference highlights from WWDC 2012.
In the report, JP Morgan writes, "We think that Apple's new offerings to kick-off WWDC 2012 are a net positive for the model and stock. In our view, the hardware and software advancements stand to sustain Apple's increasing role in the end user's digital life. While the MacBook refresh was in line with the blogosphere's expectations, we believe that the new specs do not cede ground to the Ultrabook crowd. Overall, we think the biggest incremental highlights from WWDC were Passbook, Maps, and FaceTime over cellular. These software-driven services are a strong set up for the iPhone 5 launch, in our view."
JP Morgan maintains its Overweight rating and $715 price target on Apple, which closed yesterday at $571.17.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in