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Jefferies & Company Reiterates Buy Rating, $900 PT on Apple

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In a report published Wednesday, Jefferies & Company reiterated its Buy rating and $900.00 price target on Apple (NASDAQ: AAPL).

Jefferies noted, “After our hands-on experience with the new iPad mini, we believe it will be a top seller this Christmas. Unexpected: refreshed 10" iPad (we expected Mar), refreshed iMacs. Expected: 13" Retina MacBook Pro. The iTunes refresh looks like a CQ1 event. Finally, Apple implied CQ3 iPad shipments of 16M so we are trimming our prior 18M estimate but maintain our well above consensus CQ4 and FY13 estimates.”

Apple closed on Tuesday at $634.03.

Latest Ratings for AAPL

May 2018BMO CapitalMaintainsMarket PerformMarket Perform
May 2018Canaccord GenuityMaintainsBuyBuy
May 2018BarclaysMaintainsEqual-WeightEqual-Weight

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