Apple tops all-time closing high after UBS says it's undervalued (AAPL)

Apple hit $133.82, surpassing its best close on record after UBS analyst Steven Milunovich said the company is undervalued. The stock's all-time high print is $134.54 and occurred on April 28, 2015. 
According to Milunovich, management has emphasized the importance of services the past year, however, the services business is still underappreciated by the market. If Apple services were valued similarly to PayPal, the stock would be at least 10% higher, according to t