“Apple shares could have upside of more than 20% this year, Wedge Partners Analyst Brian Blair tells Barrons.com,” Dimitra DeFotis reports for Barron’s.
“Wedge Partners doesn’t publish price targets, but Blair tells us he thinks the stock could go ‘to $600 or $650 over the next 12 months,'” DeFotis reports. “Shares of Apple (AAPL) are up 54 cents, or 0.10%, at $536.61.”
DeFotis reports, “Blair issued a favorable note this morning on Apple that concludes that while the company is ‘at an impasse,’ R&D spending, potential production forecasts and Apple’s need to grow all point to ‘a coming wave of innovation.'”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Bill” for the heads up.]