Apple (AAPL) Given Price Target of $800 by Jefferies

Jefferies Group, Inc. (NYSE:JEF) analyst, Peter Misek reiterated his Buy rating on Apple Inc. (NASDAQ:AAPL) with a price target of $800.  Mr. Misek cited the potential subsidy cut of Apple’s iPhone was much less than originally anticipated.

“We believe carriers will continue to manage the subsidy expense through various initiatives including a diversified handset selection and upgrade fee . . .


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