Piper Jaffray analyst Gene Munster has reiterated his “Outperform” rating on Apple Inc. (AAPL) after describing Apple’s iPhone launch as a “success.”
Munster raised his price target on Apple from $205 to $211 per share.
“It is more important that Apple builds the iPhone segment for the long term than for an impressive launch day number.” Munster said in a note to clients.