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Raymond James Reiterates Strong Buy on Apple on Positive Outlook

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In a report published Wednesday, Raymond James analyst Tavis C. McCourt reiterated a Strong Buy rating and $675.00 price target on Apple (NASDAQ: AAPL).

In the report, Raymond James noted, “We maintain our Strong Buy rating on shares of AAPL based on our premise that the business has substantially more sustainability to it than investors appear to appreciate, and modestly more growth in the near term driven by new carriers, underappreciated promotional activity and the two-year anniversary of a strong iPhone 4S product cycle.”

Apple closed on Tuesday at $480.94.

Latest Ratings for AAPL

DateFirmActionFromTo
Jul 2015NomuraInitiates Coverage onBuy
Jul 2015Cowen & CompanyDowngradesOutperformMarket Perform
Jul 2015SocGenUpgradesHoldBuy

View More Analyst Ratings for AAPL
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Posted-In: Raymond James Tavis C. McCourtAnalyst Color Reiteration Analyst Ratings

 

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