$C Rates $AAPL a Buy With 20% Upside

“One of the big calls of the day: Citi is out with a ‘Buy’ rating on Apple and a price target of of $675/share. That’s about $100 per share or 20% above the current price.

Here are the key points of the call, made by Glen Yueng, Walter H. Pritchard, and Jim Suva.

The company’s pullback is consistent with other big selloffs in the company’s history. Those were then typically followed by rallies of 20 to 50%….”

Full report