JP Morgan expects Apple’s Sept. 15 event to drive upside for AAPL due to an Apple Watch launch, and a possible iPhone announcement.
In a note to investors seen by AppleInsider, JP Morgan analyst Samik Chatterjee reiterates that AAPL still has room to grow despite its currently rich valuation.
Heading into the Sept. 15 launch event, Chatterjee said that current share price weakness could set up the event to “buck the historical sentiment of ‘sell-the-news.'”