Apple Inc. (NASDAQ: AAPL) is indicated higher on a research note this morning from Robert W. Baird. The firm initiated coverage with a Outperform rating, but the more important issue is the price target objective: $410.00…
This morning’s call is not the highest price target objective out there on Apple from all analysts which cover the stock, but it is definitely one of the top current price target objectives. After closing at $312.80 on Wednesday, this implies more than 30% upside to the price target objective.
The rating itself is virtually in-line with street ratings as Apple has very few neutral, underperform, or sell ratings on the stock. The average analyst price target objective from Thomson Reuters is roughly $363.00. Baird expects roughly double the upside compared to the overall analyst pack.
Apple shares are indicated to open up just over $315.00 in early Thursday indications after a $312.80 close on Wednesday.
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JON C. OGG