Jefferies Reiterates Hold Rating, $420 PT on Apple Following Samsung Presentation
In a report published Friday, Jefferies analyst Peter Misek reiterated his Hold rating and $420.00 price target on Apple (NASDAQ: 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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