Wall Street is ‘too negative’ on Apple iPhone business

By | December 11, 2015

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Wall Street has become too negative on Apple’s (AAPL) iPhone business, said BMO Capital Markets analyst Tim Long, who says the company can increase unit shipments for at least the next four years. Long initiated coverage of Apple stock on Thursday with an outperform rating and price target of 145. Apple stock was down 2.5%, near 113, in afternoon trading on the stock market today. “We view Apple as mostly a handset stock as about three-quarters of Scalper1 News

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