• Piper Jaffray Bullish on AAPL Through Year's End

    On Monday morning, shares of AAPL were trading just north of $111 -- well-off of previous all-time stock highs logged in 2015. But that doesn't mean a downward trend will persist. At least not according to Piper Jaffray analyst Gene Munster.

    Munster, a well-known Apple bull, is all bulled up again as he looks ahead to the final two months of the year.

    According to the analyst in an announcement to investors Monday morning, AAPL remains Piper Jaffray's top large cap pick for the homestretch of 2015, although the stock's momentum certainly won't end with the new year. 2016 is looking optimistic as well.

    All told, Munster and company are sticking with an Overweight rating for AAPL and a price target of $172. To review in depth the reasons for such a bullish view, check out Street Insider's coverage of Munster's report here.

    Source: Street Insider
    This article was originally published in forum thread: Piper Jaffray Bullish on AAPL Through Year's End started by Michael Essany View original post
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