Bear Stearns ups Apple target to $143, Morgan Stanley sees potential for $160 per share

“Cupertino, Calif.-based Apple said Wednesday its second-quarter profit grew 88 percent to 87 cents per share, and revenue increased 21 percent to $5.26 billion, due to better sales of iPod media players and Macintosh computers,” the Associate Press repots.

AP reports, “Bear Stearns analyst Andrew Neff raised his price target to $143 per share from $130, and reiterated a ‘Market Weight’ rating.” The firm cited a shift “to a broader array of products with multiple drivers and a sense of what is down the road.”

“Morgan Stanley analyst Kathryn Huberty kept an ‘Overweight’ rating and a $110 price target, but said she is growing more confident that the stock will reach $160 per share in the next year.”

Full article here.