“Shares in Apple Inc. traded higher Thursday after Peter Misek of Canaccord raised his rating on the stock to a ‘Buy’ from ‘Speculative Buy,’ and raised his target price to US$136 per share, up from $110 a share… AAPL rose more than 4% to close at $112.71, up $4.02 (+3.70%), on moderately strong volume of 28.9 million shares trading hands,” Bryan Chaffin reports for The Mac Observer.

“He said he was raising his sales estimates for Macs for fiscal 2009 from 9 million to 10 million units, including an adjustment from 2.2 million to 2.4 million for the just-ended March quarter. He raised estimates for iPods from 51 million units to 52 million units (including an increase of 9.1 million units to 9.5 million units for March),” Chaffin reports. “For iPhones, he boosted his March quarter estimates from 2.7 million units to 3.1 million units.”

Chaffin reports, “Apple is set to announce its March quarter results after the markets close on April 22nd, 2009.”

Full article here.

[Thanks to MacDailyNews Reader "James W." for the heads up.]