JP Morgan’s analyst call on Apple’s iPhone 7 success is “revisionist history” because it was only a few weeks ago when the sentiment was overwhelmingly negative, said TheStreet’s Jim Cramer. JPMorgan analyst Rod Hall stated that the recent surge in Apple’s shares due to iPhone 7 sales optimism is “premature” as unsustainable promotions are lifting demand for the device. Hall reiterated his Apple overweight rating, and is sticking with the price target of $107 for the shares that he set in July.
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
