Ticonderoga on Apple (NASDAQ:AAPL) Before Earnings Report

Very few analysts are neutral on Apple (NASDAQ:AAPL), and none are negative as they approach their 1st quarter earning report on Tuesday, including Ticonderoga.

Ticonderoga says, "We believe Apple would be well suited to announce the iPad 2 before the end of January in an effort to persuade consumers to wait for the new iPad that we believe will be launched in March/April. Additionally, we believe Apple is in the process of refreshing its MacBook Pro line and an announcement could be in the cards."

Of 49 analyst covering Apple, 44 have a Buy rating on them and 5 a Neutral rating

Ticonderoga Securities reiterates a "Buy" rating on Apple, which closed Friday at $348.48, gaining $2.80, or 0.81 percent. Ticonderoga has the highest price target on Apple at $450.