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Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?


To: Moonray who wrote (149047)1/24/2013 10:42:59 AM
From: Keith Feral  Read Replies (2) | Respond to of 213172
 
Gene Munster is the analyst for Apple, but Peter Misek covers the stock from a supplier's perspective. Not too different than what Citi is doing with their 3 man team. I don't see why Munster wouldn't cut his target back from $900 to something less audacious like $650 or $700. They gotta get rid of these $1 trillion expectations, and just get the company back on solid footing for a market multiple and higher dividend this year. If they can boost the dividend by another $1 billion per quarter this year, the stock could rally back to $600 and still have a 2.5% yield. I think Apple will save that kind of news for later. No reason for them to announce higher dividends yet, since they just declared the Jan dividend yesterday.