“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.
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