Misek boosts Apple to Buy

|About: Apple Inc. (AAPL)|By:, SA News Editor

Following a trip to Asia in which he noticed a "substantial shift in attitudes toward Apple (AAPL), Jefferies' Peter Misek upgrades the stock to Buy with $600 price target (from $425).

He still sees risks to CQ4 revenues, but now believes better gross margins will allow the company "to skate by" until the larger-screened iPhone 6 launches. "The stock is attractive based on the attitude change, FY15 revenue growth of more than 15%, and valuation."

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