Jefferies’ Peter Misek upgrades Apple to ‘Buy’ with $600 price target, up from $425

“Jefferies analyst Peter Misek upgraded Apple (AAPL) from Hold to Buy Monday with a price target of $600.00 (from $425.00) following an Asia trip which showed a ‘substantial shift in attitudes toward Apple,'” reports StreetInsider.

“‘Despite still seeing risk to CQ4 and FY13 revs, we now believe better GMs will allow Apple to skate by until iPhone 6 launches with its 4.8″ screen,’ Misek said,” StreetInsider reports. “‘We est ~50% of smartphone shipments have >4-inch screens and that iPhone 6 will catalyze a large upgrade cycle. The stock is attractive based on the attitude change, FY15 revs >+15%, and valuation.'”

Read more in the full article here.

MacDailyNews Take: Jefferies analyst Peter Misek couldn’t analyze his way three feet down a brightly-lit, 10-foot wide, gleaming white empty hallway.

He seemingly “analyzes” Apple by following mainstream “news” articles that mention Apple; half of which are likely ginned up by competitors or AAPL shorts.

Anyone who relies on Jefferies analyst Peter Misek for Apple investment advice must not value money.

Related articles:
Jefferies analyst Peter Misek expects ‘lackluster’ sales of Apple’s iPhone 5C – September 9, 2013
Nutty Jeffries analyst Peter Misek just compared Apple to Blackberry, Motorola, and HTC – March 12, 2013
Apple retreats in wake of Jeffries’ target price cut – September 13, 2013
Jefferies cuts Apple price target to $405 on trimmed iPhone production estimates – June 24, 2013

6 Comments

  1. You should buy when the price is low and sell when the price is high. In the meantime, you should get as high as a kite by rolling and smoking a joint. Rolled in crisp new $20 notes of course. You’ve all been great listening to my advice.

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