Raymond James Gets Bullish on Apple; Raises Company to Strong Buy on Long-Term Trends - Apple (NASDAQ:AAPL)

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In a report this morning, Raymond James raised its rating on Apple (NASDAQ: AAPL) to a Strong Buy, while reiterating its $600 price target.The report focused on a "phase 2" in mobile computing, which is the expansion of chipsets and operating systems into the automotive sector, TV's, and appliances. The expectation from Raymond James is that Apple will capture a large portion of this new market as it moves beyond phones and tablets.Later on in the report, it was stated that Raymond James expects Apple's financials to stabilize in the near term, and start improving post third-quarter.Following the report, Apple shares traded up 1.61 percent to $402.92, breaking above that key $400 level.

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