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Technology Stocks : Apple Inc.
AAPL 260.36-0.7%Jan 7 3:59 PM EST

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From: Moonray5/9/2016 3:30:43 PM
   of 213181
 
Apple Stock Oversold; RBC Sees Buying Opportunity

Apple‘s ( AAPL) recent stock slide is an overreaction to the company’s disappointing March-quarter earnings
report and could spell a buying opportunity, RBC Capital Markets analyst Amit Daryanani said in a research
report Sunday.

Before Monday, Apple shares had fallen in 14 of the last 16 trading sessions and were down 17.3% since
April 14. Apple stock was up nearly 1%, near 93.50, in morning trading on the stock market today.

Daryanani reiterated his outperform rating on Apple stock, with a price target of 120.

More at: investors.com

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