Much of the run, he says, can be attributed to the underlying dynamic between active and passive investments.
Not exactly a bullish note.
Read More Credit Suisse raises Apple target to (still wet) $275
According to BMO's chief investment strategist, we have not reached euphoria yet.
Read More BMO: Watch Apple to find out if the market's reached euphoria
From Jayson Aycock's "Jefferies matches Street-high target for Apple" posted Thursday on Seeking Alpha: Jefferies is the latest shop to come in with healthy expectations for…
Read More Jefferies hikes Apple price target $65 to Street-high $350
From "iPhone Hits Double-Digit Growth in China, Official Data Show" posted Thursday.
Read More Bloomberg: iPhone China shipments grew 18.7% in December
Apple 3.0 in the news
5 years ago

Daniel Eran Dilger takes on CNBC and its "No. 1 Apple analyst."
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