We reiterate our 'buy' rating on Apple and our price target...

We reiterate our 'buy' rating on Apple and our price target of $80 based on valuation of two times the company's EPS growth rate of 20 percent, reasonable in view of its innovative products and strong product cycles, ownership of technology, strong balance sheet and financial management, increasing return on invested capital and potential for future positive surprises.

Andrew Neff Quote About Apple, Balance, Based, Capital, Financial: We Reiterate Our Buy Rating...

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