Apple (AAPL) is reiterated as a Conviction Buy by Jefferies' Peter Misek, who also raises his...

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

Apple (AAPL) is reiterated as a Conviction Buy by Jefferies' Peter Misek, who also raises his price target to $900 from $800. Checks show the iPad Mini and the iTV have gone into production, and further data indicate expected iPad builds have been substantially bumped for the rest of the year. The $900 PT comes from slapping a 12X multiple (ex-cash) on expected FY13 EPS.