Now that things appear to be settling down after the surprise announcement by Apple (NASDAQ:AAPL) CEO Steve Jobs that he would be taking another medical leave of absence, followed by an terrific quarterly performance by the company, it may be time to look at what some analysts like Wedbush said about the situation.
Wedbush noted, "While we expect a negative reaction to Steve Jobs’ announced medical leave of absence, we believe Apple has the management team in place to execute and deliver on new products already in the pipeline. We would buy on any
material weakness...We believe Apple has a solid bench, led by COO Tim Cook, which should be able to continue to execute on Apple's strategic direction and product pipeline."
Wedbush reiterates an "Outperform" rating on Apple (AAPL), with a price target of $405 on the company.
Thursday, January 20, 2011
Wedbush on Apple (NASDAQ:AAPL), Steve Jobs
Labels:
Apple,
Steve Jobs,
Wedbush
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