Raymond James Upgrades Apple Inc. Stock: Says Buy On A Drawdown

After an iPhone product release that was greeted with decidedly mixed reviews, dreadfully followed by a stock market sell-off, Apple Computer is once again a buy, Raymond James advocates. A September 26 report from analysts Tavis McCourt and Mike Koban point to the recent sell-off as a “trading opportunity” as they maintain their outperform rating and up their price target. When Apple unveiled a host of new products on September 12, it received a decided yawn from critics, a group that a Bloomberg article characterized as “grumpy.” Reviewers have lambasted the iPhone 8 for its “middling design” while slamming the…