Janney Capital on Apple (NASDAQ:AAPL), Steve Jobs

Taking a breather after the extraordinary announcement by Apple (NASDAQ:AAPL) CEO Steve Jobs that he would be taking another medical leave of absence, followed by an extraordinary quarterly performance by the company, it may be time to look at what some analysts said about the situation.

Janney Capital says, "We believe this latest development will put pressure on the shares and we expect some holders to take profits as the market reacts to this latest medical leave. However, we continue to believe in the (1) products, (2) Apple’s innovation engine, (3) financial model/performance, and (4) management team. We would be buyers of the shares on weakness here."

Janney maintains a "Buy" rating on Apple (AAPL), which closed Wednesday at $338.84, down $1.81, or 0.53 percent. Janney has a price target of $395 on Apple shares.