“The ranks of the non-believers are thinning,” Eric Savitz blogs for Barron’s. “Thanks to a strong March quarter which features better-than-expected iPhone sales and higher-than-expected gross margins, Apple (AAPL) shares are sharply higher this morning. Adding fuel to the fire: a flurry of ratings increases and revised price targets.”
• Mike Abramsky, RBC Capital: “Outperform” from “Underperform,” price target to $165 from $95
• Tavis McCourt, Morgan Keegan: “Outperform” from “Market Perform”
• Clyde Montevirgen, Standard & Poor’s: “Buy” from “Hold,” target to $147 from $110
• Vijay Rakesh, ThinkEquity: Reiterated “Buy,” target to $150 from $140
• Bill Fearnley, FTN Equity Capital: Reiterated “Buy,” target to $140 from $135
• Peter Misek, Canaccord Adams: Reiterated “Buy,” target to $150 from $136
• Andy Hargreaves, Pacific Crest: Reiterated “Outperform,” target to $150 from $120
• Yair Reiner, Oppenheimer: Reiterated “Outperform,” target to $140 from $120
• Gene Munster, Piper Jaffray: Reiterated “Buy,” $180 target
• Mark Moskowitz, J.P. Morgan: Reiterated “Overweight,” target to $135 from $100
• Toni Sacconaghi, Bernstein Research: Reiterated “Outperform,” target to $140 from $135
• Richard Gardner, Citigroup: Reiterated “Buy,” target to $152 from $147
• Shannon Cross, Cross Research: Reiterated “Buy,” target raised to $160
• Kathryn Huberty, Morgan Stanley: Reiterated “Equal Weight,” target to $105 from $100
• David Bailey, Goldman Sachs: Reiterated “Neutral,” target to $130 from $125
• Ashok Kumar, Collins Stewart: Goes against the grain, cutting rating to “Hold” from “Buy” stock has reached his price target.
MacDailyNews Note: Dude, Harold called. He wants you to meet him at the White Castle.
More details in the full article here.
[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]
