Market Watch Monday 7th October, 2013
-0.08% was upgraded to buy from hold and its price target lifted to $600 from $425 at Jefferies on Monday. Analyst Peter Misek said he spent last week in Asia meeting with Apple's suppliers who "indicated a substantial shift in attitudes towards Apple. Despite still seeing risk to CQ4 (calendar fourth quarter) and FY13 (fiscal year 2013) revenues, we now believe better GMs (gross margins) will allow Apple to skate by until iPhone 6 launches with its 4.8" screen." He said suppliers have become "far more lenient on price," boosting gross margins, and that he's raising his full-year 2014 gross ma...
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Source: http://www.asiabulletin.com/index.php/sid/217566230/scat/bf053b50c46383e0
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