RBC Capital on Apple: Buy the dip

“Here’s RBC Capital analyst Amit Daryanani’s advice on what to do with Apple shares, which are down more than $70 from their recent record peak at $644: Buy the dip,” Eric Savitz reports for Forbes. “The analyst this morning repeated his Outperform rating and $700 price target on the stock.”

The analyst sees at least four big catalysts ahead for the stock:
• iPhone 5 launch in September or October.
• Macbook refresh later in calendar Q2.
• Potential TV launch.
• Sustained momentum for the iPad in the June quarter and beyond.

Read more in the full article here.

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