“A Credit Suisse analyst raised his estimates and price target for Apple Inc. Thursday, predicting fiscal second-quarter demand for the company’s computers and iPhones was better than he initially expected,” The Associated Press reports.
“In a client note, Credit Suisse analyst Bill Shope increased his target price to $133 from $120… He also raised his earnings-per-share estimate to $1.09 from 97 cents and revenue estimate to $7.76 billion from $7.44 billion. Analysts polled by Thomson Reuters expect a profit of $1.08 per share on $7.94 billion in revenue,”‘ AP reports.
AP repots, “Shope also reiterated his “Outperform” rating for the shares.”
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