Apple’s WWDC: Drexel Loves ‘The Matrix,’ Others Praise ‘Enhancements’

By Tiernan Ray Shares of Apple (AAPL) are down 19 cents at $97.15, a day after the company held the keynote for its annual developer conference in San Francisco, as the Street continues to assess what it heard. Among the most bullish notes today is that of Brian White of Drexel Hamilton, who reiterates his Buy rating and $185 price target, titling his report “Building a bigger, stronger and smarter Planet Apple.” White lauds what he calls the “matrix“: In our view, Apple’s expansive digital matrix across software, services and hardware, that delivers a seamless experience to an installed base of 1 billion devices, will continue to differentiate Apple from its mobile device competitors. We find it virtually impossible for Android-based competitors to ever create a digital matrix that rivals…


Link to Full Article: Apple’s WWDC: Drexel Loves ‘The Matrix,’ Others Praise ‘Enhancements’