“Robert W. Baird analyst William Power this morning launched coverage of Apple (AAPL) with an Outperform rating and $410 price target,” Eric Savitz reports for Barron’s. “‘Apple has established itself as the unabashed premium provider in the burgeoning smart phone market,” he writes in a research note. “We expect the company to further expand its market position, while also capitalizing on a number of newer growth initiatives, including the iPad, which is opening another huge market. Combined with what we view as an attractive valuation, despite the strong stock move, we are initiating coverage with an Outperform rating.'”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Dan K.” for the heads up.]