UPDATE: Wedbush Securities Terminates Coverage on Apple

In a report published Friday, Wedbush Securities terminated its coverage on Apple

. Wedbush Securities noted, “We are dropping coverage of Apple (AAPL) due to analyst departure. On 11/12, AAPL had been removed from the Wedbush Best Ideas List. Effective upon termination of coverage, the last recommendation (OUTPERFORM), estimates and price target issued for the company should not be relied upon going forward.” Apple closed on Thursday at $525.62.