TheStreet’s Action Alerts PLUS Portfolio Manager Jim Cramer is waiting for analysts to downgrade Apple . ‘JPMorgan cut the price target to $105 from $125 [on Thursday], but still keeps it as a buy – we need to see these faux buys,’ adding that more analyst cuts will push Apple shares to a bottom. Cramer has been saying investors should buy Apple. Cramer also commented on Jabil Circuit , a manufacturing company and Apple supplier, in terms of what the company’s performance foreshadows about iPhone sales.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
