Canaccord Genuity Reiterates Buy Rating, $750 PT on Apple
In a report published Monday, Canaccord Genuity reiterated its Buy rating and $750.00 price target on Apple (NASDAQ: AAPL).
Canaccord Genuity noted, “We believe Apple's industry-leading software ecosystem and its leading hardware expertise will lead to a strong product cycle for its key products. We believe Apple is well positioned for strong F2013/14 sales and earnings growth driven by new product introductions, including the recently launched iPhone 5, iPad mini, and recently refreshed iPod, MacBook, and iMac lineup. We also anticipate an earlier refresh of the iPhone in C2013 with expanding channel distribution. We reiterate our BUY rating and $750 price target.”
Apple closed on Friday at $527.00.
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