Scotia Capital Has Sector Perform On Apple

Scotia Capital is out with a research report on Apple AAPL, and has a Sector Perform on shares. It has a 1 year price target of $410. Apple is scheduled to report earnings on July 19. In the note, Scotia Capital writes, "We believe Apple will deliver solid results over the next few quarters, with the largest growth drivers being sales of the iPhone and iPad. Sales growth is likely to slow as iPhone share gains will be more challenging and YoY comparisons for the iPad will get tougher." Shares of AAPL are up $3.28 in pre-market trading to $361.30, a gain of 0.9%.