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In a report published Friday, Jefferies analyst Peter Misek reiterated his Hold rating and $420.00 price target on Apple
AAPL.
In the report, Misek noted, “The hardware was as expected and much like iPhone 5, the S4 saw little change in design from its predecessor besides a slight increase in size from 4.8" to 5". Samsung focused primarily on its software innovation and interface inputs such as gesture control and Smart Scroll/Pause. While we were impressed overall with our hands-on experience, we await to see how these features perform in the real world and if they are actually used.”
Apple closed on Thursday at $432.50.
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