Apple, Inc. (AAPL) – Bull of the Day
Zacks Market Commentaries (November 3rd, 2009) Writes:
The company is currently benefiting from a positive mix shift to the higher-margin iPhone/iPod business from its traditional MP3 players. The Macintosh product continues to gain market share, with significant gains in portables, music players and smart phones.
Year-to-date, Apple share prices have more than doubled. Apple's valuation premium is justified, given the company's positive attributes and leaves room for further upside from the current levels. We have increased estimates for full-year 2010 and upgrade the stock to Outperform. We set a six-month price target of $225.Zacks Investment Research
Investing Lessons, Iphone, Ipod, Mp3, Stocks to Watch, USD, Zacks Market Commentaries


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