“Nomura Securities analyst Jeffrey Kvaal reiterated a Buy rating and boosted estimates and his price target on Apple to $135.00 (from $120.00) amid healthy early demand,” StreetInsider reports.

The steady positive news across geographies on the iPhone 7 launch implies demand is stronger than thought. We believe the supply chain is preparing for upward revisions to production forecasts. We are lifting our high-end iPhone estimates and our price target to $135. — Nomura Securities analyst Jeffrey Kvaal

“The firm now anticipate 78mn iPhones in F1Q, solidly above consensus of 75mn,” StreetInsider reports. They lift FY17 estimate from 230mn to 234mn (consensus 221mn).””

Full article here.

MacDailyNews Take: The price target parade is underway!

SEE ALSO:
UBS ups Apple price target from $115 to $127 – September 20, 2016