Wells Fargo resumes coverage of Apple (AAPL) with an Outperform and $640-$660 valuation range....

Wells Fargo resumes coverage of Apple (AAPL) with an Outperform and $640-$660 valuation range. The firm predicts big things for the next iPhone, and notes iPhone launches and subsequent earnings beats have "historically been the biggest share catalysts for Apple." It adds shares are trading at just 10.5x estimated FY13 EPS. 46 out of 51 analysts covering Apple have bullish ratings, according to recent Thomson/First Call data.

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Comments (6)
  • remurraymd
    , contributor
    Comments (2274) | Send Message
    Not listed above also
    (GS) #1 Conviction Buy $850
    Topeka Brain White $1111.11 (love that one)
    Andrew Zaky http://bit.ly/JbbE07 $2K ( by 2015) PE 14
    27 Jun 2012, 05:18 PM Reply Like
  • johnofarizonaoregon
    , contributor
    Comments (292) | Send Message
    It's Brian White, not Brain White - but when AAPL touches $1,111.11 some may call him Brain.


    Maybe Mr. White read the Isaacson biography on Steve Jobs, noted that Jobs liked repeating numbers and chose the string of 1's with that fact about Jobs in mind.
    27 Jun 2012, 05:28 PM Reply Like
  • TwistTie
    , contributor
    Comments (2429) | Send Message
    Roy Orbison was a good singer.


    Now, can I be a Wells Fargo analyst?
    27 Jun 2012, 05:33 PM Reply Like
  • WisPokerGuy
    , contributor
    Comments (1363) | Send Message
    Buy here, right now and wait two years and you'll be a very happy person. I made the exact same comment around July 4, 2010 (you can look it up) and feel just as confident today as I did back then.


    AAPL is really almost dirt cheap on a P/E basis, has the products everyone wants, is about to open a deal with China Mobile to gain access to millions more smart phone users and basically prints money like an ATM. Frankly, what's not to like?


    Obviously long AAPL.
    27 Jun 2012, 07:12 PM Reply Like
  • New Superhuman
    , contributor
    Comments (1180) | Send Message
    This guy comes out bullish 3 weeks before earnings? What a hero. They get paid for this?


    Apple going down hard with the market. Bye bye to all the weak "sure thing" longs. Time to clean house and separate the real investors/traders from the fanboys.
    28 Jun 2012, 04:43 AM Reply Like
  • thealct
    , contributor
    Comments (195) | Send Message
    Looks like you are posting on the wrong ticker .RIMM is where you wanted to post. Can't find one soul that were uber positive on RIMM "turnaround". are you one those still bashing AAPL
    28 Jun 2012, 09:22 AM Reply Like
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