NEW YORK ( TheStreet) -- CHANGE IN RATINGS
Apple ( AAPL) upgraded at JMP from Market Perform to Outperform. $200 price target. Estimates also raised to reflect expected growth from new devices and markets.
Shares of Apple rose slightly Wednesday after U.S. Treasury Secretary Jack Lew criticized the European Union's ruling on the tech giant's taxes.
Apple probably won't see a final resolution of its tax case for four to six years.
Apple's (AAPL) products released under Tim Cook haven't had enough time to catch on, The Verge executive editor Walt Mossberg said on CNBC.
Jim Cramer looks ahead to Apple's event next week.