Apple (AAPL) Gains on Bullish Analyst Commentary
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Apple (AAPL) Price Target Raised to $130 at Oppenheimer
November 18, 2014 8:50 AM EST(Updated - November 18, 2014 9:37 AM EST)
Oppenheimer analyst Andrew Uerkwitz reiterated an Outperform rating and boosted his price target on Apple (NASDAQ: AAPL) to $130.00 (from $115.00) citing the company's strong ecosystem.
In the report, Uerkwitz answers the questions why they believe Apple will continue to grow while: 1) broader high-end smartphone market will stagnate and, more specifically, 2) Samsung will see severe declines. He answers the questions with the following: 1) Apple now has the... More
