Analyst initiates coverage of Apple with ‘Buy’ rating and $260 price target

Apple Online Store“CLSA Asia-Pacific Markets analyst Steven Fox today launched his first round of Apple coverage, giving the company’s stock a Buy rating with a $260 price target,” MacNN reports.

“‘Apple’s ecosystem is in the process of meaningfully expanding its reach through an increasingly robust set of applications,’ says Fox,” MacNN reports.

MacNN reports, “The impact of apps is only expected to increase when Apple releases an tablet device sometime in 2010.”

Full article here.

[Thanks to MacDailyNews Reader “Judge Bork” for the heads up.]


  1. @mrblotto,
    Not exactly. He didn’t say “Apple may release a tablet device”.

    He said “Apple may release an tablet device”.

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