More on Apple: BGC's Colin Gillis is going contrarian, upgrading shares to Buy and setting a...

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

More on Apple: BGC's Colin Gillis is going contrarian, upgrading shares to Buy and setting a $500 PT (somewhat modest, compared with the PTs of other bulls) ahead of tomorrow's FQ2 report. "Jump in the fire, as any Apple good news, could boost up the stock," haikus Gillis, who has kept a guarded stance on Apple for some time. Separately, boutique shop Avondale has upgraded Apple to Outperform and set a $600 PT; the firm predicts a return to growth (10%-15%) and stabilizing gross margins in FY14.