“Goldman Sachs analyst Bill Shope on Wednesday upped Apple Inc.’s (AAPL) 12-month price target to $850 a share from $750 a share after the computer maker’s stronger-than-expected first-quarter results,” Steve Gelsi reports for MarketWatch.

“Goldman reiterated its conviction-list buy rating on Apple and said its new target price is based on Apple’s ‘improved margin profile and cash flow generation,'” Gelsi reports.

Full article here.

[Thanks to MacDailyNews Reader “Arline M.” for the heads up.]