Shares of Apple Inc. were upgraded on Wednesday from a "Buy" to a "Strong Buy" by analyst Tim Jensen. The analyst told clients that Apple's fundamentals haven't changed, and that the recent decline of the stock is a compelling value.
“We think AAPL will benefit from a number of recent product refreshes, including its key iPhone and iPad offerings," Mr. Jensen wrote. "We also think the new iPad Mini will contribute to share gains. We acknowledge some slip-ups and management changes of late, but see the fundamental story as intact."
The analyst also told his clients that he believes Apple could use more of its $121 billion in cash for dividends and a stock buyback. Apple is currently paying a $2.65 per share dividend and is already executing a $10 billion stock buyback program.
In addition to upgrading AAPL to a "Strong Buy," Mr. Jensen raised his $700 price target to $750 for the company's stock. Less
So, given the text sparky13_8 quoted appear verbatim in that two month old article but is attributed by Forbes to a "Scott Kessler", I guess that makes sparky13_8 a teller of tall tales. Say it ain't so, sparky!
when a stock gets an upgrade, it goes up. AAPL plummeted off a cliff at 345pm today. The market went up. Some bad news is coming or someone is playing around with the stock. Wish GS would come out tomorrow and say AAPL to $800. We'd climb to 550 in a flash.
Awesome! We will start seeing all the many many analysts who have aapl targets above $750 start to chime in before pre announcements because they know the quarter is great and they want to go on record again reiterating their confidence in the stock so they are heros when it rises dramatically very soon. I have noticed 3 upgrades in the last 2 days.