Market Overview

UPDATE: Topeka Capital Markets Reiterates Buy Rating on Apple

Related AAPL
Apple Inc., Nike Inc, The Green Bay Packers, And Many More Turn Pink
Wi-LAN Inc Tumbles As Apple Inc. Wins In Court
EBay, PayPal Splitting Up: What Changed CEO Donahoe's Mind (Fox Business)
Related AAPL
Apple Inc., Nike Inc, The Green Bay Packers, And Many More Turn Pink
Wi-LAN Inc Tumbles As Apple Inc. Wins In Court
EBay, PayPal Splitting Up: What Changed CEO Donahoe's Mind (Fox Business)

Topeka Capital Markets reiterates a Buy rating on Apple (NASDAQ: AAPL) and a price target of $1,111.

Topeka Capital Markets notes, “Apple Monitor tracks sales trends across the Taiwan supply chain at leading Apple suppliers that generate a high percentage of revenues from Apple products. We use the Apple Monitor to augment our own checks and research, rather than as a standalone tool, as new product launches and inventory adjustments can sometimes skew monthly results. We estimate 50-60% of sales in the Apple Monitor are derived from Apple. Revenues for the Apple Monitor are shown on an aggregate basis and the individual companies are not disclosed.”

Apple closed at $605.88 on Friday.

Latest Ratings for AAPL

DateFirmActionFromTo
Oct 2014CitigroupMaintainsBuy
Sep 2014JefferiesInitiates Coverage onHold
Sep 2014Evercore PartnersMaintainsOverweight

View More Analyst Ratings for AAPL
View the Latest Analyst Ratings

Posted-In: Topeka Capital MarketsAnalyst Color Reiteration Analyst Ratings

 

Related Articles (AAPL)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters