Apple Inc (AAPL)

[researcher59]

AAPL initiated with BUY at Deutsche Bank - target $650

Apple initiation details (4/10) -- Buy at Deutsche Bank; tgt $650 (525.21 -5.11) : Deutsche Bank initiated AAPL with a Buy and price target of $650. Co has a dominant position in smartphones and tablets where its products represent the gold standard in both categories. These segments continue to offer good growth, allowing Apple to outgrow overall IT spending, with upside coming from the potential for a larger screen sized phone. DB also views new product introductions as a long-term growth driver, not reflected in its model.