(CercleFinance.com) – Credit Suisse initiated coverage of Apple shares on Wednesday with an ‘outperform’ opinion and a price target of $201 as part of an initiation in the computer hardware sector.
Following its significant decline on the stock market, the broker says it is ‘positive’ on this group which brings together 20 American technology companies, including 13 so-called traditional manufacturers, two manufacturers of electronic products for projects with high technological content (EMS) and five specialists in technology. 3D printing.
In its study, the broker points out that these securities have historically tended to outperform the market during periods of recession, thanks to the strength of their balance sheets and their cash flow.
Within this segment, Apple is one of its favorite values (‘top picks’), he specifies in his note.
Credit Suisse has been tracking Apple so far, but with another team of analysts who took a ‘neutral’ view on the stock.
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