Billionaire Icahn Says Apple Is One of Best Buys in Decades

Carl Icahn, one of Apple Inc.’s largest shareholders, said the iPhone maker’s stock is undervalued after it posted record earnings, and said his $203 target price was too low. Icahn also suggested buying back more shares.

“I don’t recommend too many stocks unless I think it’s a no-brainer,” Icahn said Wednesday on CNBC. “Apple, I think, is one of the best buys in the last couple of decades.”