Sterne Agee Reiterates Buy on Apple

Loading...
Loading...
Sterne Agee is out with its report today on Apple
AAPL
, reiterating Buy. In its report, Sterne Agee writes, "We continue to believe that AAPL is positioned to outperform in this tough macroeconomic environment with its defendable strategic and structural advantages and its vertical integration. Our price target of $500 is based on a conservative 13x multiple on our CY12 EPS estimate of $32.37 plus net cash." At the time of posting, shares of AAPL were trading at $368.43, down 2.06% from Wednesday's close.
Market News and Data brought to you by Benzinga APIs
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorAnalyst RatingsComputer HardwareInformation TechnologySterne Agee
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...