“At first glance, Wall Street may seem to have it in for Apple these days,” Dan Gallagher reports for The Wall Street Journal. “But looks can be deceiving.”
“Apple’s low valuation has also kept most analysts in the bull camp, despite [analysts’] reductions,” Gallagher reports. “About 87% of covering analysts currently rate the stock as a ‘buy,’ according to FactSet.”
Gallagher reports, “That compares with 71% a year ago, when Apple’s shares were near their peak and worry was already creeping in about a slowing iPhone cycle.”
Read more in the full article here.
MacDailyNews Take: We’re still of the mind that, absent any cataclysmic external events, Apple’s second half of 2016 will be better than the first.