Apple Inc. (AAPL) May Have Climbed To The Top Of The Tree

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HFA Staff
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Apple Inc. (NASDAQ:AAPL), a company known for its expectation defying growth in the last decade, may have reached a peak. That appears to be the opinion of Citigroup Inc. (NYSE:C) analysts who re-initiated coverage on the company with a new report yesterday. The report puts a buy rating on the Cupertino company, with a twelve month price target of $675. That’s far enough below the firm’s recent peak of over $700 to suggest that analysts might be reassessing their exuberant opinions of the world’s largest company by market capitalization. A great deal was made of the new report, particularly the…

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The post above is drafted by the collaboration of the Hedge Fund Alpha Team.