While Wall Street continue to issue sky-high price targets in excess of $1,000 on
Apple (
AAPL) shares last year, BTIG’s Walter Piecyk saw the writing on the wall in April and downgraded the stock to Neutral. Five months later, Apple shares took a spectacular dive and have yet to show any real signs of recovery. Piecyk seemingly now believes we’re at the bottom, however, as the analyst on Thursday upgraded Apple to Buy with a $540 target.
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