Jefferies on Apple (NASDAQ:AAPL) Before Earnings Report

Jefferies sees Apple (NASDAQ:AAPL) getting most of the benefit from the tablet and 4G trend, providing them with catalysts throughout 2011.

Jefferies noted, "We believe Apple's product leadership, vertical integration, and vast scale means that it will receive the lion's share of the economic benefit from the two biggest multi-year trends in technology with 4G and tablets."

Of the 49 analysts covering Apple, 44 have a Buy rating on Apple and 5 a Neutral rating

Jefferies & Co. maintains a "Buy" rating on Apple, which closed Friday at $348.48, gaining $2.80, or 0.81 percent. Jefferies raised their price target on Apple from $365 to $450.